Calculate Your Retirement Age

Socking away money for retirement is a great idea, but how much do you really need to save? How long do you need to work to set yourself up comfortably in your golden years? Read on!

Steps

1. Use a search engine to find a retirement planner on the Internet.
2. Plan out your retirement and then enter the following parameters:
   • current yearly expenses
   • current yearly savings
   • life expectancy
   • present age
3. Use the planner to calculate your estimated retirement age by considering the amount of money you will have at retirement.

Tips

• The planner can help you experiment by adjusting parameters in order to allow for different situations that could occur in your life.

Warnings

• Planners give results based on current rates. Fluctuation in rates can cause significant adjustments in predictions for your future.

Related Articles

• Calculate Amount Needed for Retirement
• Plan Your Retirement
• Apply For Social Security and Retirement Benefits
• Calculate How Much Money You Need to Retire
• Buy a Variable Annuity to Supplement Your Retirement Income

See also

• Make a Retirement Gift Basket
• Know How Much to Give for a Retirement Gift
• Make a Retirement Scrapbook
• Use Life Insurance in Your Retirement Planning
• Transfer Retirement Funds to a Roth Ira
• Start a Retirement Home in Ontario
• Retire from a Job You Love
• Prepare for Retirement in Your 20s
• Prepare for Early Retirement
• Plan for Long Term Care

Read more ...

What links here

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