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Bird Armour, LLC

Certified Public Accountants and Consultants

Contact Us

Bird Armour, LLC
4440 Ash Grove Drive Suite A
Springfield, IL 62711
Phone: 217.528.4846
Fax: 217.525.2260
Investments-related email:
michael.armour@ceterafs.com
Tax-related email:
marmour@birdarmour.com
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  • 57% of U.S. workers have saved less than $25,000 for retirement.* -- *2015 Retirement Confidence Survey, EBRI
  • Only 48% of Americans know how much money to save for retirement.* -- *2015 Retirement Confidence Survey EBRI
  • 50% of retirees left the workforce earlier than planned.* -- *2015 Retirement Confidence Survey EBRI
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  • Bird Armour, LLC
  • 4440 Ash Grove Drive Suite A, Springfield, IL 62711
  • 217.528.4846 |

Lifetime Earnings

How Much Will You Earn During Your Career?

The Society for Human Resource Managers reports average base pay increases in 2013 will be 3% on average, about one percentage point below pre-recession levels.

Would it surprise you to learn that you may earn a million dollars or more over the course of your working career? Consider this. If you were to earn $75,000 now and plan to work for 20 more years, you could earn more than $2 million during your career, assuming an average annual raise of 3%. This calculator is designed to help you attach a dollar figure to your life’s work.

The U.S. Census Bureau announced that real median household income was $51,017 in 2012.

 

The figure below shows the total income you could earn from this point forward in your working career based on the information you provided. As you can see, you could earn a substantial amount of money over the course of your lifetime. When you look at the big picture and see how much money can pass through your hands over a lifetime, the need for sound financial management becomes clear.

Your Results

Current annual income: $0
Expected percentage annual raises: 0%
Current age: 0
Expected retirement age: 0
Total lifetime earnings based on the above information: $0

The chart below shows how much you could expect to earn each year between now and retirement based on the information you provided. Try changing one or more variables to see how you could alter your lifetime earnings.

Year by Year Earnings

 

This hypothetical example is used for illustrative purposes only. Actual results will vary.

The information in this calculator is not intended as tax or legal advice, and it may not be relied on for the purpose of avoiding any federal tax penalties. You are encouraged to seek tax or legal advice from an independent professional advisor. The content is derived from sources believed to be accurate. Neither the information presented nor any opinion expressed constitutes a solicitation for the purchase or sale of any security.

This material was written and prepared by Emerald Connect, LLC.
© 2019 Emerald Connect, LLC. All Rights Reserved.

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About Us

  • Our Team
  • Our Location
  • Our Services
  • Tax Notebook
  • My Account Access
  • Tax & Accounting Services
  • Where's My Tax Refund?
  • Why Choose a CFP® Professional?
  • Tell A Friend

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Market Watch

Last Closing Prices

Ticker Name Percent Difference (when noted with %) otherwise Last Price Difference (where applicable)
Dow Jones Industrials 25,954.44 +0.24%

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Contact Us

Bird Armour, LLC
4440 Ash Grove Drive Suite A
Springfield, IL 62711
Phone: 217.528.4846
Fax: 217.525.2260
Investments-related email:
michael.armour@ceterafs.com
Tax-related email:
marmour@birdarmour.com
Map and Directions

This site is published for residents of the United States only. Registered Representatives of Cetera Financial Specialists LLC may only conduct business with residents of the states and/or jurisdictions in which they are properly registered. Not all of the products and services referenced on this site may be available in every state and through every representative listed. For additional information please contact the representative(s) listed on the site, visit the Cetera Financial Specialists LLC site at www.ceterafinancialspecialists.com

Securities offered through Cetera Financial Specialists LLC (doing insurance business in CA as CFGFS Insurance Agency), member FINRA/SIPC. Advisory services offered through Cetera Investment Advisers LLC. Cetera entities are under separate ownership from any other named entity. Home offices at 200 N. Martingale Rd., Schaumburg, IL 60173; phone 888-528-2987.

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