Your CalSTRS retirement benefit will generally replace 50% to 60% of your final salary—but you’ll likely need more income in retirement. Consider starting an additional savings account such as a 403(b) or 457(b) account.
Saving even a little now can really add up later. If you start contributing $100 per month today, using an assumed interest rate of 5%, you could have $1,222.89 a year from now based on the principle of time and compounding.
Use this calculator to find out how much you could save if you invest a different amount each month over a longer time period.
* This estimate-only calculator illustrates the principle of time and compounding using an assumed interest rate of 5%. 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% 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.