Freelancer Retirement Gap Tool

Calculates potential retirement savings shortfalls for self-employed individuals by assessing current income, desired lifestyle, and anticipated expenses. Users input key financial variables such as present earnings, expected annual spending goals in retirement, and planned investment contribution amounts. The tool processes these figures to project a potential gap between accumulated funds and necessary lifetime income. It then demonstrates how different savings rates or adjustments to spending could impact the long-term viability of a self-directed retirement plan. Individuals who operate as independent contractors or freelancers find this resource useful for proactively managing their financial future. By modeling various scenarios, users gain a clear understanding of what level of saving is required to maintain their desired standard of living after leaving active work.