Eileen's Blog

Are you saving enough for retirement?

September 26th, 2011 7:47 PM by Eileen Denhard

Are you saving enough for retirement?

Free Websites

CNN Money Calculator


Input a few numbers -- your age, income, when you want to retire, and desired retirement

income -- and our web site's calculator uses assumptions about things like future inflation

and your eventual Social Security payout to estimate how much you should be saving

each year. No pinpoint precision here -- but sometimes quick and dirty is all you need.

Time it takes: Two minutes

T. Rowe Price's Retirement Income Calculator


Gather documents that list your current retirement savings and asset allocation, details of

any employer pensions, and your Social Security estimate (find it at ssa.gov). Input that

data and answer other questions; you'll learn how much you should be saving, plus the

chances that you'll have enough at retirement. Play around with the numbers -- using

different retirement dates or investing strategies -- to see how those changes affect your retirement savings.

Posted in:General
Posted by Eileen Denhard on September 26th, 2011 7:47 PM



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