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Are you taking the right road to retirement?

When it comes to financing your retirement years, there are three factors that greatly influence how well your retirement savings will hold up over time: (1) how much you've saved, (2) how long you live, (3) inflation.

You can use the calculators here to get a basic idea of where you stand now when looking toward retirement.

Developing a strategy for a financially secure retirement is no simple task. That's why an experienced professional's knowledge and objectivity can make this important challenge more manageable.

There are plenty of factors that go into figuring out whether you're setting aside enough money for your future retirement. The calculator below won't give you the final answer to this question, but it can provide an indicator of whether you're headed down the right path.

How old are you now?
At what age do you plan to retire?
How many years do you expect to spend in retirement?
What is your current income? Combined with Spouse if desired.
How much do you expect your household income to increase annually (percent)?
What percentage of your current income will you need in retirement? (Experts suggest at least 70-80 percent of pre-retirement income.)
What annual rate of return do you anticipate earning on your retirement savings? (Recommended values are between six and 12 percent)

Other sources of retirement income:

How much will you receive annually from a pension or retirement plans?
How much will you receive annually from Social Security?
How old will you be when you begin receiving Social Security?
Enter any other expected income available during retirement (like income-producing rentals, etc.).
What is your estimated tax rate?
What is your estimate of the average rate of inflation?

Amount of retirement savings you would need:
	Tax Deferred	Taxable
Hit to update your numbers

The calculated result is hypothetical in nature and based on the information you provided. Actual results will vary. Even a slight difference in the assumptions used, or in actual future performance can produce vastly different results.

Remember, a financial professional can help you evaluate all the factors that go into achieving a financially secure retirement. Your future retirement is too important to leave to guesswork.

Longer life spans mean that retirement savings need to last a long time. The interactive table below shows that it's not unusual for retirement to last 20 years or longer.

Male	Female	At least one survives

Based on Individual Annuity mortality rates from 1983 Table A. Society of Actuaries

Retirement is clearly a long-term proposition.

Inflation can have a serious impact on income over time. The interactive table below shows the effect inflation has had on common purchases over the past 40 years.

Year	Cost
1960:
1970:
1980:
1990:
1998:

Again, developing a strategy for a financially secure retirement is no simple task. That's why an experienced professional's knowledge and objectivity can make this important challenge more manageable.

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