Retirement Investment Calculator 1.0
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Retirement Investment Calculator 1.0 comes to you as two quick "rules of thumb" you can use if you are on track for a happy, financially secure retirement. When you are ready to retire your nest egg should be at least 10 times your current annual income.
Take your current annual income and add a zero -- that's your minimum target nest egg balance to begin a comfortable retirement. By the time you reach age 40, the balance in your nest egg should roughly equal your annual income at age 40. If your annual gross income is $60,000, you should have at least that amount in your retirement account by age 40.
But the best way to determine how much you need to retire is by using a financial calculator. This is a great desktop tool for quick calculations to make sure you are on track. If you don't know where you're going, you'll never get there.
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