Retirement Calculator
Plan for your retirement by estimating how much you need to save and your projected savings.
Projected Savings vs. Needed at Retirement
1. **Start Early:** The earlier you start saving, the more time your money has to grow through compounding.
2. **Maximize Contributions:** Contribute as much as you can to tax-advantaged accounts like 401(k)s and IRAs.
3. **Take Advantage of Employer Match:** If your employer offers a 401(k) match, contribute enough to get the full match – it's free money!
4. **Diversify Investments:** Spread your investments across different asset classes to manage risk and optimize returns.
5. **Adjust for Inflation:** Remember that the cost of living will increase over time. Factor inflation into your retirement spending estimates.
6. **Review Regularly:** Revisit your retirement plan annually to adjust for life changes, market performance, and inflation.