If you know how much money you need in the bank to comfortably retire, you're in the minority: Only 1 in 10 people make such a calculation, according to the Transamerica Center for Retirement Studies.

Calculating your RMD only requires two numbers. You'll need your retirement account balance as of Dec. 31, 2024. Check with ...

Using an IRA calculator helps you identify the best contribution strategy to maximize your retirement savings, especially if you don’t have access to a 401 (k). If you’re part of a defined benefit ...

It's difficult to determine exactly how much money is enough to retire comfortably. Households earning $50,000 or more will need about 80 percent of their pre-retirement earnings to maintain their ...

Financial planners recommend saving around 75% of your pre-retirement income for retirement. Using the 4% rule, you can calculate how much you need to save in total.

Retirement budgeting is fundamentally different from budgeting during your working years. Income becomes relatively fixed, ...

Two expenses are easy to overlook while planning for retirement: healthcare and taxes. Flexibility is key. No matter how good your budget is, it will need to be tweaked sometimes. The $23,760 Social ...

Underestimating your lifespan can lead to saving too little and retiring too soon. Here's how longevity literacy can help you plan more effectively. Vikki Velasquez is a researcher and writer who has ...

It pays to calculate RMDs (Required minimum distributions) as you approach retirement or if you are already retired. RMDs are the minimum annual withdrawals you must make each year from most ...

13 years ago, the SSA introduced a site where you could find all your Social Security information in one place. This site makes it easy to see how much more you'll need to save or invest to meet your ...

Wondering how much to save for retirement? The $1,000-a-month rule simplifies how to calculate what savings you need compared ...