Save for Retirement
How much extra do you need to save for your retirement? With this tool, you can add up all your post-retirement assets and incomes to see what else you might need to enjoy your retirement your way.
The first step toward building a comfortable retirement is knowing your numbers. According to a study by Fidelity Investments, 75% of Americans underestimate how much money they need to save for retirement. Because they’re running the numbers for their specific situation, many people will find themselves in the difficult position of not having enough money saved.
Lucky for you, calculating your numbers is the easy part. Use our Retirement Savings Calculator to see your projected savings versus the amount of savings you truly need for retirement. To understand how much money you should save each month, adjust your monthly savings amount until your planned savings matches your required savings.
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5 Steps to Rebuild Your Retirement Savings After Divorce
Even when divorce is the right decision, it’s still disruptive. For example, there’s a good chance that you and your ex planned to share retirement expenses and combine your savings. But the divorce divided your retirement funds, and not necessarily 50/50. Now, you’re facing retirement with only a portion of the funds you expected.