2 Easy Ways to Estimate Your Retirement Savings Goals

Setting a clear goal for retirement savings is one of the first steps in planning for your future. Establishing a target amount to save can help you estimate how much to invest each month and let you track your progress. And it can help you estimate when you're ready to retire.

Some people might feel overwhelmed and won't know where to start when calculating what they'll need to save for retirement. But there are two really simple approaches that everyone can use to get a fairly good idea of what their retirement number should be.

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Source Fool.com