6 Tips to Help Calculate Exactly How Much Money You'll Need in Retirement
Saving for retirement is probably both your largest and your most frustrating financial goal. It's large because the money will have to last you the rest of your life once you stop drawing a paycheck. It's frustrating because there are so many unknowns, such as:
Depending on what you put in for estimates for those unknowns, the amount it will look like you will need to save will vary wildly. Still, it is useful to have some guidelines to plan around. With that in mind, these six tips can help you get a great estimate of how much money you'll need in retirement.
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Source Fool.com
