Your savings calculator: The power of time and money
Your CalSTRS retirement benefit will replace, on average, about 54 percent of your current salary. Need more for retirement? Check out our “Why Wait” and “What If” calculators and see what a difference a few years can make.
Your CalSTRS retirement benefit will replace, on average, about 54 percent of your current salary. Need more for retirement? You can set aside extra money in CalSTRS Pension2, CalSTRS’ voluntary defined contribution plan.
* This estimate-only calculator illustrates the principle of time and compounding using an assumed interest rate of 5 percent. This hypothetical illustration is not intended to serve as a projection of the investment results of any investment. CalSTRS Pension2 does not guarantee any rate of return on investments.
The more time you have, the greater the benefit of compounding.*
See the difference a few years can make. Use this supplemental savings calculator to see your potential account value at age 65.**
* Interest credited on both principal and previously credited interest.
** This calculator illustrates the principal of time and compounding. The assumed yield of 5 percent is hypothetical and is not intended to serve as a projection of the investment results of any specific investment. Investing involves market risk, including the possible loss of your contributions.