Retirement Calculator

Tell us a few things about yourself, and this retirement calculator will show whether you're on track for the retirement you want.

 

calc_Get Tax Free Percentage Value
25
calc_Hard Income Taxes
25
calc_Life Expectancy Max
120
calc_Life Expectancy Min
71
calc_Life Expectancy Val
95
calc_Lump Sum
0
calc_Tax Free Percentage Max
100
calc_Tax Free Percentage Min
0
slider_Annual Salary Increase Min Value
0
slider_Contribution Monthly Percentage Max Value
75
slider_Contribution Monthly Percentage Min Value
0
slider_Current Age Max Value
65
slider_Current Age Min Value
18
slider_default Annual Salary Increase Value
0
slider_default Contribution Monthly Percentage Value
4
slider_default Current Age Value
47
slider_default Gross Monthly Value
1000000
slider_default Inflation Rate Value
0
slider_default Initial Investment Value
4500000
slider_default Retirement Age Value
65
slider_default Retirement Spending Percentage Value
80
slider_default Return Rate Value
11
slider_Default_Annual Salary Increase Max Value
10
slider_Gross Monthly Max Value
4000000
slider_Gross Monthly Min Value
0
slider_Inflation Rate Max Value
20
slider_Inflation Rate Min Value
0
slider_Initial Investment Max Value
100000000
slider_Initial Investment Min Value
0
slider_Retirement Age Max Value
70
slider_Retirement Age Min Value
55
slider_Retirement Spending Percentage Max Value
200
slider_Retirement Spending Percentage Min Value
1
slider_Return Rate Min Value
0
slider_Return Rate Max Value
15
Gross monthly salary help text
To enter exact amount, click on the number above slider
Investment Amount help text
To enter exact amount, click on the number above slider




To enter exact amount, click on the number above slider



To enter exact amount, click on the number above slider

icon-tooltip The maximum contribution rate for the JMMB Retirement Solutions Account is 20% of Gross Income.

$

$




icon-tooltip Salary Escalation Rate is the rate at which your salary increases. For example some persons may get a yearly inflationary increase.









How much will you need to retire at ?
Retirement savings score
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Projected Retirement Portfolio Schedule Summary
Conditions Apply
Desired Retirement Early Retirement Late Retirement
Retirement Age 62 50 70
Accumulated Balance $81,030,629.55 $38,822,873.98 $131,915,984.25
Annual Income $6,985,399.10 $2,954,556.62 $13,048,069.66
Estimated Monthly Income $582,116.59 $246,213.05 $1,087,339.14
Desired Monthly Income $577,207.78 $404,841.92 $731,189.55
Monthly Income Shortfall $4,908.81 $158,628.87 $356,149.59
Additional Monthly Contribution Required $-1,642.68 $349,432.67 $-49,142.68
DISCLAIMER: Jamaica Money Market Brokers Limited, and its affiliates, subsidiaries, successors and assigns shall not be liable for any errors or omissions or for reliance on the results obtained from the use of any information, provided by the Retirement Planning Projector. The projections provided herein are estimates provided for information purposes only and persons ought to seek professional advice before making any financial decisions. The estimates provided by the Retirement Planning Projector do not in any way represent an entitlement to benefits and are therefore not binding on JMMB Limited.

At 62 your desired retirement income is JMD$577,207.78 /month
(Given the current rate of inflation)

Congratulations
Your desired retirement is attainable. Keep it up

Retirement Portfolio Over Time
Age Retirement Portfolio Balance
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