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Some experts claim that savings of 15 to 25 times of a person's current annual income are enough to last them throughout their retirement. Of course, there are other ways to determine how much to save for retirement. The calculations here can be helpful, as can many other retirement calculators out there.
The sooner you start planning for retirement, the more money you can invest for the long term. Use our retirement calculator to help you understand where you are on the road to a secure retirement.
Are you saving enough money for retirement? Use our retirement savings calculator to help find out how much money you need to save for retirement.
This calculator assumes that the year you retire, you do not make any contributions to your retirement savings. So if you retire at age 65, your last contribution occurs when you are actually age 64.