minimalism tip

Do your own retirement projections

Find a way to do your own retirement projections. There are online calculators you can use (here’s one from Schwab), or you can go to a financial planner for this. A retirement projection will account for your age, your rate of saving for retirement, your current investments, and what your expected expenses in retirement are. It will help you understand whether you’re on track to be financially ready for retirement and at what age.