Not guessing at your retirement needs

[Huntingfool]

Lots of retirement threads here and lots of discussion.

Instead of guessing how much you need and how long your money will last in retirement use a good financial calculator. This way you at least have a road map of some kind.

The best I have found is free and it is www.firecalc.com. Simple to use and plug in YOUR numbers - it will give you a year by year accounting of how long your money will last

[RascalArms]

Good advice...and start early. The sooner the better for sure.

[BigThicketBoy]

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[HogHunter34]

Our company 401k website has a financial wellness tool where you can plug in your current age, balance, contribution amount, planned retirement age, & also allows other income sources you can plug in like SS & it will give you a wellness score or basically are you on track score. It’s more basic but at least is a good tool for the average person to utilize to gauge where you are at & being on track or not

[Rigging Cooks]

Good advice, what I need is that crystal ball that tells me how long I'm going to live. Then I would know how long my retirement money will last.

[treestand]

It's good to have a plan but don't completely rely on it. Most retirees find healthcare kicks their plan in the ***. They also under appreciate their ability to scale back.

[krisw]

Our company 401k website has a financial wellness tool where you can plug in your current age, balance, contribution amount, planned retirement age, & also allows other income sources you can plug in like SS & it will give you a wellness score or basically are you on track score. It’s more basic but at least is a good tool for the average person to utilize to gauge where you are at & being on track or not

Principal? That is who we use and it has the same thing.

[Huntingfool]

Principal? That is who we use and it has the same thing.

most all companies have basic calculators you can use -