Plan your retirement and see if you are on track to meet your goals
Historical stock market average: ~7-10%
Retirement Income Goals
4% rule is a common guideline
At retirement, you will have a projected surplus of $475,835
$1,475,835
At age 65
$260,000
Over 35 years
$1,215,835
468% return
$79,033
Includes Social Security
Adjusted for 3% annual inflation (today's dollars):
Time is your greatest ally. Starting just 5 years earlier can significantly increase your retirement savings due to compound interest.
If your employer offers 401(k) matching, contribute at least enough to get the full match - it is essentially free money.
Spread your investments across different asset classes to manage risk while pursuing growth.
Check your retirement plan annually and adjust contributions as your income grows or circumstances change.