How Much Do We Need to Save For Our Retirement?
This calculator will help you determine the absolute most you would need.
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Before you freak out at the numbers you're going to see with this calculator, let's take a reality check: For most people, retirement income will come from a variety of sources: your 401(k) savings, a pension plan, an IRA or two, and Social Security, of course. Plus, many Americans today continue to earn some income from part-time work even during their retirement years.
However, this is a simple calculator that will show you the worst-case scenario: If you were to have no pension, no Social Security and you were never to earn a single dollar in your retirement, how big would your nest egg have to be?