This is a great time to get your financial affairs in order by doing some retirement planning. Below are three free internet retirement calculator tools. None of them require you to register or save information online. they are time efficient (6-22 minutes) and make reasonable predictions about projected inflation, taxes, and investment returns. In each, you can modify your inputs and immediately see how your prospects change.
Before you start, have available your current and projected assets including any expected benefits or windfalls, ideas about retirement dates, and how much you'll spend in retirement (80% of your current income is a good estimate).
For your expected Social Security benefits, go to www.ssa.gov/planners/calculators.htm
AARP Retirement Calculator - www.aarp.org/work/retirement-planning
T. Rowe Price Retirement Income Calculator - www.troweprice.com
Analyze Now Retirement Planner - www.analyzenow.com - works best with Excel.
Source: Consumer Reports
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