When this calculation starts, how much is it to assume you already have in your retirement savings?
(Typing 0 (zero) will start you out with nothing saved.)
What total percentage of your salary is put into your retirement plan each year?
(Here total percent refers to a percent that takes into account what you contribute + what your employer may match/contribute)
Approximately what percentage of your salary do you expect to get in a raise each year?
(This percentage is assumed to be a compounded raise, computed each year based on that years salary)
Your retirement savings is most likely invested in mutual fund, etc. Approximately what yearly interest or return does this investment
give (in percent)?
(This percentage is assumed to be a percentage of the total retirement investment)
In how many years do you want to retire?