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Listerhill Credit Union is a nonprofit financial cooperative improving lives in our community.

If you live in Alabama, Georgia, Mississippi, Florida, or Tennessee, you are eligible to become a member. Depending on your individual eligibility, we may require membership into an approved association at no cost to you.

You can also qualify for membership by being a family member of a current or potential Listerhill member.

With only $5, you can join Listerhill today and start taking advantage of a lifetime membership.

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Retirement Calculator

How It Works

It's critical to begin saving for retirement as early as possible; that's because it can take time for your funds to grow. This calculator will allow you to see how much you need to save now in order to enjoy your current standard of living when you retire.

Start by entering your annual pre-tax income and the amount you currently have in a savings account or retirement fund. The calculator will automatically preset the Retirement Goal slider to 70% of your current annual income, move the slider if you predict that you'll need a higher or lower percentage of your current salary each year to live during retirement. Adjust the monthly savings slider to the percentage you're planning to save each month for retirement. 

The Rate of Return is the return you expect on your savings. If you're saving in a typical savings account, that will be the interest rate. If you're using a retirement fund, many experts estimate the rate of return to be between 4 and 6 percent, though it will fluctuate.

Adjust the Current Age, Retirement Age, and Life Expectancy sliders accordingly. The calculator will display an estimated monthly income, which includes an average monthly distribution from your retirement savings as well as a projected amount from social security. The calculator will also show you the total amount you will save for retirement and how much you will need to save to meet your retirement goal.

When to Start Saving For Retirement

Wondering when to start saving for retirement? While it’s never too late to start saving, ensuring you will have enough money to retire is a lot easier if you start early.

Read
A Full Guide to Saving for Retirement with an IRA

The average American between the ages of 35 and 44 has just over $22,000 saved for retirement. For people who are entering their prime earning years, this is far too low. If you want to retire at age ...

Read
How IRAs Help You Retire On Your Own Terms

Save more for retirement with an Individual Retirement Account (IRA). It’s a managed investment account, like a mutual fund, that will grow your wealth so you can enjoy your retirement.

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Common Links

Frequently Asked Questions

  • What if I prefer to make my payments through a pre-authorized automatic payment arrangement (ACH)?

    Please contact TruHome at 844-203-3642 to set up automatic payments or visit here to set them up yourself.

  • What if I prefer to make my payments through the Listerhill Mobile Banking app or Online Banking?

    Unfortunately, when the transfer occurs, mortgages will not be displayed on our app or in online banking, but we are working to bring that functionality ASAP.

    In the meantime, please visit here to view all mortgage information and payment options.

  • What if I prefer to make my payments through the "Pay Your Loan" link on the Listerhill website?

    Unfortunately, after the transfer you will not be able to use this link to pay your mortgage. However, you can visit here to view all mortgage information and payment options.

  • What if I prefer to make my payments over the phone?

    You can reach TruHome's payment center by calling 844-203-3642.

  • What if I prefer to make my payments by mail or through Bill Pay at another financial institution?

    As a national servicing company, TruHome will probably be in your other financial institution's list of payees who accept electronic payments. If not, you can set up the account using the address below:

    TruHome Solutions, LLC

    P.O. Box 219958

    Kansas City, MO 64121-9958