Access open-source tools, calculators, and educational materials to help you plan for a secure retirement.
Explore ResourcesLeverage these free resources to plan and optimize your retirement strategy
An open-source calculator that helps you estimate how much you need to save for retirement based on your income, expenses, and goals.
Access CalculatorAnalyze your investment portfolio's performance, risk exposure, and diversification using this free tool.
Try AnalyzerComprehensive open-source guide covering all aspects of retirement planning from savings strategies to withdrawal approaches.
Read GuideDetermine the optimal time to start claiming Social Security benefits to maximize your lifetime income.
Use OptimizerPlan your retirement income strategy with different withdrawal approaches to make your savings last.
Plan StrategyCalculate the most tax-efficient way to withdraw from different retirement accounts during retirement.
Calculate Tax StrategyKey steps to prepare for a secure retirement at any age
Start saving early to take advantage of compound growth. Establish an emergency fund, begin contributing to retirement accounts, and manage debt.
Accelerate retirement savings and fine-tune your investment strategy. Assess retirement goals and projected income needs.
Finalize retirement plans and create a detailed income strategy. Test your retirement budget and make necessary adjustments.
Implement your retirement income plan, monitor spending, and make adjustments as needed. Focus on preserving assets while generating income.
Common questions about retirement planning
While the exact amount varies based on your lifestyle and goals, a common rule of thumb is to aim for saving 10-15% of your income throughout your career. Many experts suggest needing 70-80% of your pre-retirement income annually during retirement.
The sooner, the better. Thanks to compound interest, starting in your 20s gives your money more time to grow. Even small amounts saved early can grow significantly more than larger amounts saved later in life.
With a Traditional IRA, contributions may be tax-deductible, and taxes are paid when you withdraw funds in retirement. With a Roth IRA, contributions are made with after-tax dollars, but qualified withdrawals in retirement are tax-free.
You can start receiving benefits as early as age 62, but your monthly amount will be reduced. If you wait until your full retirement age (66-67 depending on birth year), you'll receive 100% of your benefit. Waiting until age 70 increases your benefit even further.