How to Use a Retirement Calculator

You’ve probably seen retirement calculators scattered all over the Internet. Almost every bank and brokerage firm has their own. You can also find them at sites like CNN Money or MSN Money. With so many available, you’d think that everyone would know their “number” that they’ll need to retire. The thing is, even with this many calculators out there, many people still don’t have any idea what they will need to retire. Partly that’s because some people are afraid to look, and partly it’s because all of the different calculators give you different numbers. For giggles, I used three calculators. The one from CNN Money tells me I’ll need $778,


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One Response to How to Use a Retirement Calculator

  1. ep7000ep says:

    Wow, that’s a great bunch of advice, Jennifer. Awesome idea to use a bunch of different calculators. Thing is though, all the calculations in the world aren’t going to help if you don’t make and follow a plan. Or worse, the calculator says to save $1000 a month, for example, and you only make $900 a month total. Tough times indeed.

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