An easier way to start your retirement strategy
If you want to achieve your goals for retirement, it's important to have a strategy in place. Unfortunately, many people don't. Less than half (48 percent) of those who responded to our survey have calculated how much income they may need annually or monthly during retirement. And just 35 percent have calculated how long their savings may last.
More than 80 percent shared that they don't have a written strategy for retirement. The biggest reason cited by respondents for not having a written plan is that they're not sure how to develop one. If you're in the same boat, The Principal can help you get started with this retirement calculator.
The retirement calculator is a simple-to-use, self-serve tool that helps you learn:
- How much income you may need in retirement
- If you're saving enough today to put you on a path toward meeting your retirement goals
- Simple changes you could make today toward a more successful retirement
How the tool works
Using our online calculator is easy. Just answer a few questions, and the tool will do the analysis for you. At the end, you'll see an easy-to-read chart showing an approximation of how much income you may need each month in retirement. The chart will also show any potential surplus — or gap — in your monthly income at retirement. You'll also receive an action plan based on your target retirement age.
Already started your strategy?
If you're among those who've calculated income needs or created a written strategy or if you're closing in on your retirement date, you may be ready for a detailed conversation about your strategy for retirement. You can work with a financial professional to make sure you're on the right track.
Get your retirement strategy headed in the right direction for you.
Use the retirement calculator today. When you're ready for next steps, you can work with a financial professional.
- Pre-Retiree Participant Survey conducted by the Principal Financial Group, March 2012.
- Review is limited only to those financial concerns you express and is not intended to be a financial plan or investment advice from any company of the Principal Financial Group.
Insurance products from the Principal Financial Group® are issued by Principal National Life Insurance Company (except in New York) and Principal Life Insurance Company. Plan administrative services are provided by Principal Life. Securities are offered through Princor Financial Services Corporation, 1-800-247-1737, Member SIPC. Princor®, Principal National and Principal Life are members of the Principal Financial Group® (The Principal®), Des Moines, IA 50392.