The San Francisco Teachers Early Retirement Calculator was created,
to try and prevent school teacher layoffs in San Francisco, by helping teachers retire early.
The calculator determines whether or not, the early retirement incentive offered by the SFUSD board, will enable you to
retire early.
About Green Retirement
The San Fancisco Teachers Early Retirement Calculator is brought to you by Green Retirement LLC., a retirement planning company located in San Francisco, dedicated to saving the planet by helping people retire early.
Layoffs harm the individual, organization, community, and the economy. Early retirement on the other hand, benefits the individual, organization, community, economy, and the planet!Learn More
The SF Teachers Early Retirement Calculator uses the Green Retirement formula and method for calculating retirement savings needs. A more accurate formula which calculates, how much savings you need for retirement, based on how much you will spend in retirement.
The San Francisco Teachers Early Retirement Calculator is FREE.
Green Retirement does not share, sell, or rent your personal and financial information to anyone for any reason, including the SFUSD and UESF. Green Retirement LLC, does not need or require any financial account information, to perform it's calculations. You will not be solicited by Green Retirement LLC. to purchase it's retirement planning products or services.
The accuracy of the results produced by the calculator is determined by the accuracy of the data entered. Although the early retirement calculator is not complicated, please read how to accurately calculate your retirement below.
Everyone. Many individuals who think they can't retire, after using Green Retirement, discover they can retire today. Even if you discover that you can't yet retire, using the early retirement calculator, you will learn:
If you discover that you can retire, the choice to retire or not, is entirely yours.
The San Francisco Teachers Early Retirement Calculator requires the following information:
Enter your current age.
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The total annual combined salaries of you and your spouse/partner.
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Your net worth determines how much you can spend in retirement. Your net worth is the value of all of your assets (house, investments, cars, collectibles, and couches) minus all of your debts (mortgage, credit cards, car loans).
The following example illustrates how to calculate your net worth.
| Net Worth | $720,000 | |||
| Assets | $955,000 | Debts | $235,000 | |
| House | $450,000 | Mortgage | $150,000 | |
| Bob's 401k | $200,000 | Home Equity Loan | $50,000 | |
| Pam's 401k | $150,000 | Bob's Car Loan | $20,000 | |
| Mutual Fund | $75,000 | BofA Credit Card | $10,000 | |
| Bob's Car | $15,000 | Chase Credit Card | $5,000 | |
| Pam's Car | $10,000 | |||
| Savings Acct. | $20,000 | |||
| Card Collection | $10,000 | |||
| Furniture and Art | $25,000 |
The total value of your employer's early retirement package. Contact your H.R. Dept., if
you are unsure, of the total value of your early retirement package.
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The amount you save each month towards retirement.
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Enter the monthly amount you would need to spend if you retired today. Your monthly retirement budget determines how much savings you need for retirement. The lower your monthly retirement budget, the less savings you need for retirement, the sooner you can retire.
The easiest way to calculate your monthly retirement spending budget, is to first list your current spending budget, then reduce and/or eliminate your expenses in retirement.
| Current Budget | $ Amount | Retirement Budget | $ Amount | |
| Mortgage | $2,000 | Rent | $1,000 | |
| Prop. Taxes | $150 | Pam's Car | $400 | |
| Garden/Pool | $ 200 | Food | $500 | |
| Housekeeping | $100 | Healthcare | $500 | |
| Bob's Car | $600 | Dining Out | $100 | |
| Pam's Car | $400 | Entertainment | $75 | |
| Food | $500 | Vacations | $100 | |
| Healthcare | $350 | Clothing | $75 | |
| Dining Out | $200 | Cable | $50 | |
| Entertainment | $75 | Phone | $75 | |
| Vacations | $200 | Other Expenses | $400 | |
| Clothing | $150 | |||
| Cable | $75 | |||
| Phone | $125 | |||
| Other Expenses | $800 | |||
| Total | $6,125 | Total | $3,275 | |
| Savings Required | $1,837,500 | Savings Required | $982,500 |
In this example, with a current budget of $6,125 per month, the couple would need $1,837,500 to retire.
By reducing their housing expense in retirement, eliminating one of their cars, and reducing or eliminating other expenses
in retirement, the couple now needs $982,500. Reducing by $855,000, the amount of savings they need for retirement,and the many extra years of working it would
require to save that amount.
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If you are over 55 years of age, enter the monthly amount you and your spouse/partner, are eligible to receive from Social Security and Pensions.
Leave blank if you are under 55 years of age.
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If you are over 55 years of age, enter the age at which you and your spouse/partner, will be eligible to receive retirement income from Social Security and Pensions.
Leave blank if you are under 55 years of age.
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Enter the number of years until you plan/hope to retire.
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