Yikes. I’ve got some work to do.
We’re in love with this new calculator (below) that charts your retirement savings progress. But, my results were not so good. 🙁
Just plug in your income, age and your current savings. It does all of the work.
I’ve been playing around with it this afternoon and under no scenario will I be able to retire with my current saving’s rate. Luckily, because I’m only 28, they suggest I increase my savings by $50/month to make it happen. Seems doable enough.
Give it a try for yourself:
Want some extra ways to boost your savings? Check this out —>