See how your age, time horizon, contributions, protection, and financial goals can fit together.
"What happens financially if your income stops?"
What are you planning for?
How old are you today?
What is your financial goal?
How much have you already saved?
Illustrative annual growth rate
Illustrative Rate — Not Guaranteed. This is a mathematical assumption for education only.
Your Future Plan
HOW MANY YEARS DO YOU HAVE LEFT?
Years remaining to reach your goal
Goal amount
Current savings
Remaining gap
Illustrative rate
Estimated Contribution
Based on your goal, current savings, time horizon and illustrative rate.
Estimated monthly contribution
Estimated annual contribution:
Calculator results are educational estimates and are not financial, investment, tax, or insurance advice. Actual results will vary based on individual circumstances, product terms, fees, taxes, inflation, market performance, and other factors.
Numbers Worth a Second Look
Of your ending value, growth makes up
Your money starts out-earning your contributions in
Waiting just 1 more year to start costs you
At your rate, money doubles roughly every
You'd reach this goal around
That monthly contribution is aboutper day
Total you contribute yourself
Total growth working for you
Illustrative growth over time
Years invested
Total contributions
Illustrative ending value
Illustrative growth
WHAT IF I START LATER?
Changing your starting age changes your time horizon. MONEYGAP does not tell you which choice is best.
Starting age
Years remaining
Est. monthly contribution
"What would your goal require if you started 10 years later?"
EXPLORE YOUR LIFE INSURANCE ILLUSTRATION
Life Insurance Illustration
These figures come from actual supplied carrier illustrations. MONEYGAP will not invent policy values, cash values, or death benefits for ages where illustration data was not provided.
Insurance disclosure:Insurance illustrations are hypothetical and are based on the assumptions shown in the applicable illustration. They are not guarantees of future performance, policy values, or death benefits. Actual values may vary based on the policy, carrier, premiums, charges, loans, withdrawals, credited interest, dividends, market conditions, and other factors. Policy-specific information should be confirmed using an authorized insurance illustration.
COMPARE STARTING AGES
Compare Starting Ages
Starting age can affect premium requirements and the amount of time available for policy values to develop.
Starting age
Face amount
Annual premium
Monthly equivalent
UNDERSTAND YOUR OPTIONS
Understand Your Options
"What is your retirement number? What financial legacy do you want to create?"
Term Life Insurance
Term life insurance generally provides coverage for a specified period.
Potential advantages:
Often lower initial premiums than permanent insurance
Can provide substantial death-benefit protection
Useful for temporary protection needs
Potential limitations:
Coverage is generally for a defined period
Generally does not build cash value
Renewal costs can increase depending on the policy
Whole Life Insurance
Whole life is permanent life insurance with a death benefit and cash-value component, subject to policy terms.
Potential advantages:
Permanent coverage
Cash-value component
Potential access to policy values
Predictable premium structure in many policies
Potential limitations:
Usually higher premiums than term insurance
Cash value growth depends on policy structure
Loans and withdrawals can affect policy values and death benefit
Indexed Universal Life (IUL)
IUL is permanent life insurance with a cash-value component where credited interest may be linked to an external market index, subject to policy terms, caps, participation rates, spreads, charges, and other factors.
Potential advantages:
Permanent life insurance
Cash-value component
Potential index-linked interest crediting
Flexible premium structures in some policies
Potential access to policy values
Potential limitations:
More complex
Policy charges apply
Index-linked crediting is not direct investment in the index
Caps, participation rates, spreads, and charges affect results
Loans and withdrawals can affect policy performance
A policy can lapse if inadequately funded
What is Cash Value?
Premium→Policy Costs→Cash Value→Potential Growth→Potential Access via Withdrawals/Loans
Policy values vary by policy and assumptions. Cash value is not free money.