Calculating how much you'll need when you retire
Filed under: Retire
If you worry a lot about retirement, and if you'll have enough money to cover your cost of living in 2015 or 2036 or whenever you expect to be starting your golden years, have I got a web site for you.Try an easy-to-use retirement calculator. It determines how much money you need to put away every year if you hope to retire at age 65 with 80% of your pre-retirement income.
- You type in your current age.
- Then in another box, you put in your current salary.
- Finally, you plug in the numbers as to how much you've already saved.
- Click "submit" and after several seconds of waiting, you have your numbers.
