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Oct 02
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People who live in developed world enjoy a life expectancy of 85+ years. Will a long life is a good thing, it also has its downsides. When you retire from work you will lose your regular income and you will need to have saved enough money to help you survive your sunset years.
Today there are money tools that have been designed to help people estimate how much you’ll need the day you retire to live the lifestyle you desire with a given income.
These softwares tools require you to put your age, income status etc and give you an estimate figure of the amount of money you will need for retirement.
Check out these useful free retirement calculators.
T-Rowe Price retirement calculator.