In Future Income Calculator planning, future value is used to estimate what an investment will be worth in the future given a present amount, interest rate, compounding period and starting value. This calculation is important because it helps determine the growth of an account and how much money you will have at a later date.

This calculator uses your annual pre-tax income, expected salary increases, savings amounts and years to retirement (the future “Monthly Budget in Retirement”) to calculate how much you will need to save to reach your retirement goal. It takes into account compound interest, inflation and rates of return to give you a good idea of your retirement funding needs.

Stock Rover’s Future Income Calculator projects your future dividend income on a monthly, quarterly, and yearly basis. This estimate is based on historical dividend payments from the stocks and ETFs in your portfolio. The tool also factors in projected earnings growth – or how your investments are likely to earn more in the future – to help you plan for a future of consistent income.

Social Security calculator

This quick calculator provides rough estimates of your future benefits based on the age you select and your current earnings. It compares estimated retirement benefits at ages 62, Full Retirement Age (FRA) and 70, as well as disability and survivor benefits. A special-purpose version of this calculator also provides benefit estimates for those with income from work not covered by Social Security.