Retirement Worksheet

Deciding how much money you need for retirement is a highly personal calculation. It depends on any number of factors, from your current lifestyle to your general state of health to whether you plan to retire early. That's why we've designed this set of five interactive worksheets to let you tailor your estimate to your own circumstances.

These worksheets will take some time to complete. But when you're done, you'll have a solid estimate of:

  • How much annual retirement income you'll need,
  • How much you can count on from your pension and Social Security benefits,
  • what your total nest egg should be, and
  • How much you need to put away this year to begin to reach that goal.

And, if early retirement is one of your goals, the worksheets will help you calculate just how early you can retire – and still live the lifestyle you're used to.

A Moving Target

What the worksheets won't tell you is what to save five years from now, or even next year. By then, any number of factors might have changed – from the size of your salary to the rate of return on your investments. Moreover, as your income and lifestyle improve over the years, your expectations for retirement income will grow. What this means is that you should take the time to repeat this planning exercise every couple of years – or every year as you near retirement.

Launch the Retirement Worksheet

  • Not FDIC Insured
  • No Bank Guarantee
  • May Lose Value

Wells Fargo Advantage Funds

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