The 1 retirement planning question - and where to find answers
Here’s the big question you need to ask about your finances in retirement: Based on how much I have already and how much I’m saving now, what income can I expect when I’m done working?
The retirement income calculator could do a better job of bringing inflation into the analysis. But it handles the important work of translating what you’ve saved into how much annual income you can expect over the number of years you expect to live after retiring. When you set standards for retirement saving, you end up with abstract numbers that many people can’t relate to or achieve. It would be great to have a magic retirement number that tells you how much to save and works for everyone, but it’s just not out there.
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