"If you don’t have access to a financial advisor who can tell you what you need to do to best set yourself up for success when you retire, consider getting started by looking at retirement calculators. These resources can use your income and some mathematical formulas to help you determine how much you should be saving and what age you should expect to retire at and offer tips and tricks to help you create a good nest egg and get the most out of your income."
Here are just a few examples from this website https://indyfin.com/retirement-calculators-resources/ which has dozens of useful calculators:
Retirement Benefits Estimator
This
calculator from the Social Security Administration calculates the
benefit amount you can expect for your actual Social Security earnings.
While this can give you an idea of what to expect, remember that these
are just estimates, not hard numbers.
Retirement Calculator
A
retirement calculator can help you plan the financial aspects of
leaving the workforce in order to get a more comprehensive idea of
what’s needed to retire comfortably.
Retirement Nest Egg Calculator
AARP
has created a nest egg calculator to help you determine how much money
you need to put away each month in order to comfortably retire at 67.
Thanks to Eli, Olivia and the All Saints family for pointing out this useful resource
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