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Financial Fitness Blog

Should I retire? Can I afford to retire and when?

(Retirement) Permanent link

Michelle Blog PhotoThese are common questions among members who are ten to fifteen years away from retirement age. Unfortunately, the answer is different for everyone. I often start out by suggesting they fill out a Ballpark Estimate form to get a sense of where they are at. The Ballpark Estimate is designed to provide a rough estimate of what you will need to save annually to fund a comfortable retirement. However, you won’t want to stop with the Ballpark Estimate; it is only a first step in the retirement-planning process. You will need to do further analysis—either by yourself using a more detailed worksheet or computer software or with the assistance of a financial professional.

Michelle Slawny, CFP®