How much should you save for retirement?
The amount you should save in your retirement nest egg depends on various factors, such as your age, income, retirement goals, lifestyle, and expected expenses in retirement. In general, according to CUSO Financial Services, L.P., you should aim to save enough to replace about 80% of your pre-retirement income in retirement. The exact amount you should save throughout your working years will depend on your individual circumstances. It’s always a good idea to consult a financial advisor who can help you develop a retirement plan tailored to your needs.
The calculator provided on this page is provided for general and educational purposes only. It is not intended to provide legal, tax, or investment advice. The accuracy of this online tool and its applicability to the information provided is an estimate and is not guaranteed. Your actual figures (i.e., savings, account balance, etc.) could vary based on many factors.
*Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. Bellco Credit Union has contracted with CFS for investment services. Atria Wealth Solutions, Inc. (“Atria”) is a modern wealth management solutions holding company. Atria is not a registered broker-dealer and/or Registered Investment Advisor and does not provide investment advice.
Investment advice is only provided through Atria’s subsidiaries. CUSO Financial Services, LP is a subsidiary of Atria. CUSO Financial Services, L.P. (CFS) does not provide tax or legal advice. For such guidance, please consult your tax and/or legal advisor.