1. Current savings
2. Number of years until retirement (from Step 1 line 1)
3. Projected value factor
4. Value of current savings at retirement (multiply line 1 X line 3) PROJECTED VALUE FACTORS
(by number of years until retirement)
20
25
30
35
40
45
3.8697
5.4274
7.6123
10.6766
14.9745
21.0025
If, for example, you have $2,000 in retirement savings and plan to retire in 35 years you would make this calculation: