Everyone wants to retire someday, but some people will end up working far into their old age because they think they have to, not necessarily because they need to. Uncertainty is the problem; how much money will I need to retire? Will my savings last? How long will I live? And so forth.
Tough questions, these, and I know people who did retire, only to find out shortly thereafter that they were ill-prepared to do so.
What to do? One could engage a financial planner, but they are costly and one might not want a stranger to be privy to all of one's personal information, financial or otherwise. One could do it one's self, but how? NewRetirement offers a free online retirement calculator (more sophisticated versions are available for a fee) that might fill your bill. It is quite detailed, and one has to be careful in entering data (one must be sure one understands what is being asked), but it will at least give one an idea as to where one stands. It is embedded with many tabs and links along the way that offer options or help on particular topics and there are even specialty calculators. Give it a whirl - you're not getting any younger, you know.
P.S. To do a good job in your retirement planning, you will also need this.
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