Retirement planning tools
A retirement plan is a guide to reach your retirement goals. These tools can help you create a retirement plan to live by.
Savings planning worksheets
Use this set of interactive worksheets from the Department of Labor to plan for retirement. They can help you manage your finances and begin your savings plan. You will learn how to:
- Set your saving goals and timelines
- Decide how much to save each year
- Organize your financial documents
Plan for Social Security retirement benefits
The age at which you claim Social Security benefits affects how much of your retirement benefits you will receive. Use the claiming age tool to plan when you will apply for retirement benefits. Compare the amounts you would receive at various ages.
The Social Security Retirement Estimator calculates your benefits. It uses your earnings statement to estimate how much your Social Security benefit will be.
Planning tools from retirement plans
You may have access to retirement planning tools through your 401k or IRA. The company that manages your retirement account may have tools to track your saving progress.
Planning for cost of living
If you plan to move to another city in retirement, cost of living matters. Compare the cost of living in your current home to potential places you would move in retirement.
LAST UPDATED: May 26, 2023
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