This Simple Calculator Explains the Basics of Retirement Planning
If you ever want to retire, you have to start saving money for it , which means you have to come up with a plan. There are many calculators to help you with this, but if you’re new to retirement planning, Fidelity’s myPlan has the basics laid.
Just enter a few simple details like your age, savings, etc., and the calculator will generate a chart detailing your retirement goal. But he also tells you about the process, explaining what exactly you are looking at, why it matters, and how the numbers change.
It’s a Fidelity tool, so they offer their services at the end of the explanation, but the calculator still breaks down retirement planning in an incredibly simple and straightforward way. Try it yourself by following the link below.