I have valued Tom’s advice for over 27 years. As an MD, I have to work with people that i can trust as so many people try to reach me. He has continually provided honest staright forward information & very fair prices. He has helped me in other areas besides his expertise that has also been invaluable. Even when metals were flat he would never try to get me buy more and would give me honest assessment of the market. Thanks to Tom Cloud, my retirement account has more than tripled. I would highly recommend him to anyone.
This calculator easily answers the question "Given the value of my current investments how much do I need to save each month to reach my retirement goal?"
The user enters their "Current Age", there expected "Retirement Age", the "Annual Interest Rate (ROI)" (annualized Return on Investment one expects to earn) and "Amount Desired At Retirement".
The calculator quickly calculates the required monthly investment amount and creates an investment schedule plus a set of charts that will help the user see the relationship between the amount invested and the return on the investment. The schedule can be copied and pasted to Excel, if desired.
If you need a more advanced "Retirement Calculator" — one that calculates many more unknowns and one that calculates assuming retirement income and not a final lump sum then try the calculator located here: https:/financial-calculators.com/retirement-calculator