How much retirement savings do you need? To a large extent, the answer depends on three key factors:
According to the U.S. Census¹, the average life expectancy for U.S. women is roughly 80 years old, and for men around 75; but you may live a lot longer. And retirement years are when most people have their highest health care costs.
¹ U.S. Census Bureau, Statistical Abstract of the United States: 2012
How much money you’ll want to have for retirement depends on the lifestyle you’d like to enjoy.
Click the Next button to learn how to determine the money you’ll need for retirement.