I'd run
a few retirement calculators throughout my career, and knew we were generally on pace.
Not exact matches
Fidelity, Vanguard, Edward Jones and Schwab offer
retirement calculator tools, to name just a
few.
Instead, take a
few minutes to use a
retirement savings
calculator (your plan's website likely has one) or sit down with a financial planner to develop a personalized savings plan.
Even with free and robust
retirement income
calculators widely available (check out this excellent income
calculator from Vanguard),
few take advantage of the opportunity to estimate
retirement income streams.
Run a
few online
retirement calculators and compare the results.
Within a
few minutes, our
calculator will determine how much you need to save for
retirement.
A
few of my favorite features of their website are being able to add offline assets into my account (jewelry, heirlooms, electronics, etc.), monitoring cash flow, viewing my net worth, saving money with their 401k fee analyzer and checking if my savings and investments are on track with their
retirement calculator.
So there are
retirement calculators out there that you can get online and plug in a
few numbers and get some kind of answer.
So if you have ten client
retirement plans, then it only takes a
few minutes to update all of them to the newly updated version of the
retirement savings
calculator.
So after you've input the Current version, then it's only a
few clicks to copy all of that input data into the Proposed section of the
retirement savings
calculator.
If, on the other hand you're just looking for a
few fund recommendations or want to get a ballpark estimate of how much you should be saving for
retirement, then a broker with an established, reputable investment firm or a representative with a mutual fund firm or discount brokerage that has a good roster of online tools and
calculators for selecting investments and building a portfolio may be able to satisfy your needs.
Laurence Kotlikoff, a Boston University economist, a
few years ago took it so far as to create an extremely comprehensive
retirement calculator, that can show you how much you should consume every year into and through
retirement based on the assumptions you put in.