Retirement Calculator

Tips for retirement planning:

• Start early: The power of compound interest means earlier contributions have a much bigger impact.
• Be realistic about expenses: Many people underestimate their retirement expenses, particularly healthcare costs.
• Consider inflation: What costs $50,000 today might cost $90,000 in 25 years at a 3% inflation rate.
• Plan for longevity: People are living longer—plan for potentially 30+ years in retirement.
• Diversify investments: Spread risk through a mix of stocks, bonds, and other investments appropriate for your age and risk tolerance.
• Maximize employer matches: If your employer offers matching contributions to a retirement plan, try to contribute at least enough to get the full match.
• Revisit your plan annually: Life circumstances change, so regularly update your retirement projections.