Calculating Your Retirement Savings Needs

We’ve mentioned various retirement calculators before. Kiplinger’s recent letter mentioned this calculator-it’s very easy and takes little time to get your results!  Here’s the description

Our exclusive Retirement Savings Calculator will help you estimate the future value of your retirement savings and determine how much more you need to save each month to reach your retirement goal. Actual results will depend on how much you contribute to your retirement accounts, the rate-of-return on your investments, and how long you live. (The calculator does not take taxes on your retirement income into account so your actual spendable income will be less.)

Try it out. It really is quick and easy. It would be a great tool to use with our students to get them thinking about financial security and the importance of planning for retirement.!