Do You Know How Much You Need to Retire?

May 30, 2012 at 5:30 pm Leave a comment

The Employee Benefit Research Institute (EBRI) released their 2012 Retirement Confidence Survey.   The confidence results are located on their web site at http://www.ebri.org/pdf/surveys/rcs/2012/fs-03-rcs-12-fs3-saving.pdf.   Do you know how much you need to save for retirement?   If not, you are in good company. 42% per the survey have never done a calculation.  The results also indicate that there is some correlation between having done the calculation and increased confidence regarding retirement savings.  There are many online calculators that can help those individuals who wish to estimate this amount.   One calculator that may be of interest is located on CNN’s web site at http://cgi.money.cnn.com/tools/retirementneed/retirementneed_plain.html.

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Christine Gurney

A pension professional who shares her thoughts and ideas about the pension world for industry members and anyone else interested.

@ChristineGurney

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