Where do you stand when it comes to planning your retirement. Think about it, the future is not what it used to be. Your retirement may be (or could be with some good planning now) closer than you realize. To get an idea of what you might need for retirement, a good place to begin is with a retirement calculator. Retirement calculators come in many varieties. Some are quick "back-of-the-napkin" estimates, while others are very detailed. Still others, like the Social Security Calculator listed as Number 5 below, give you only part of the picture. By using several of the calculators set forth below you can get multiple perspectives of what you might need to retire. But take what the calculators tell you with a grain of salt. Many tend to overestimate what you might need. Nevertheless retirement calculators are a good starting place on your road to retirement.Here are 7 calculators you should try:
Easy to Use:
1. Fidelity
2. Choose to Save
Medium Difficulty:
3. T. Rowe Price
4. Bankrate.com
More Difficult:
5. Social Security's Retirement Estimator
6. AARP
7. FireCalc
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