We've brought together some key facts in this infographic.
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Casey Klein, YMCA Vice President-Operations
The amount that you contribute to your retirement savings is one of the most important aspects of retirement planning, and the biggest factor in determining how much savings you will have when you retire. A great way to see if you are on track is to determine your retirement number—how much you will need in retirement income.
You might think you will need income in retirement that is equivalent to your salary just before you retire. However, keep in mind that in retirement, many of your expenses will change:
If you want a more detailed picture of what you should be saving, log in to your account and check out the Retirement Goal Calculator. It can tell you how much you need to save on a monthly basis to achieve the income you will need when you retire.
Are you on track to reach your retirement goal? There are certain things you should be doing at this time of your life.
If you are planning to retire before age 65, read these important steps to prepare for this exciting life change.
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