Get answers to these questions in under five minutes.
Understand, however, this calculation is just “back of the napkin”. Its results are intended to give you just a sense of the scope of the challenge that saving for retirement is. It will show you the interplay between savings rates, expected retirement dates, target income and life expectancy.
We can make available another calculator that will give you a very in-depth analysis of your retirement income goal. It will require more of an effort on your part to input the specifics of your circumstances.
More on this after you’ve spent five minutes seeing how close you are to your retirement goal!