University of Illinois Extension

How much money will I need for retirement?

Steps in retirement planning

Identify and set goals

Determine your net worth

How will my spending plan change in retirement?

How long will you live?

Anticipating your needs

Estimating retirement income

Social Security

Pensions

Savings and investments

Apply what you have learned

Matching income to out-go

Inflation, the hidden enemy

Retirement planning financial security tips

Computer programs to the rescue

For further reading/ References

 

 

Using the information you gathered from the planning guides for Social Security, pension plans, IRAs, and investments, complete the Estimating Your Income for Retirement worksheet to determine, in today's dollars, what your potential retirement income may be. Your net worth statement will also be helpful here. Whatever your current age, it is never too soon to make savings and investments for the last third of your life a priority.

 

 

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