Saving Enough for Retirement: How Long Will My Money Last?

The mental calculus of reaching your retirement savings goals can be exhausting. What is the right retirement age? How long will your nest egg cover your retirement expenses? Will your retirement plan give you enough annual income in retirement?

These are important questions to ask as you are analyzing your pre-retirement income and developing your savings plan. For example, if you are 35 and your goal is to retire at age 65, a good rule of thumb is to start heavily investing in your individual retirement accounts over the next 30 years to ensure you are comfortable and have all your expenses covered later in life. Read more

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