What’s a Retirement Savings Plan?

A retirement savings plan is a structured approach to accumulating funds specifically for your retirement. This plan can include various options such as 401(k) plans, individual retirement accounts (IRAs), and pension plans. The primary aim is to build a financial cushion that will provide you with a steady income during retirement, allowing you to enjoy the lifestyle you desire after you stop working. Your savings and investments in these plans can grow over time, generating income through interest and returns.

Estimate Your Expected Total Retirement Savings

Are you saving enough? Let’s find out! Plug in some information about yourself and your retirement plans, and we’ll show you what you need to save to align your reality with your expectations. Test out different scenarios to see how your results can change.

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