Retirement Calculator

People delay investing for retirement for a variety of reasons. Many people in their twenties believe that retirement is an ephemeral concept that they will experience after 40 or 50 years. In fact, the sooner you start thinking about it, the more relaxed your savings strategy will be.

You should start filling out the retirement calculator in reverse order if you want to figure out how much to save for retirement. Begin by calculating your desired monthly retirement income and the amount of social security you expect to receive. The retirement calculator will calculate how much money you’ll need to retire once you’ve entered your life expectancy and current age. You can then calculate the monthly savings you’ll need or set them to a fixed amount to see if you’ll be able to retire early.