Are you on track for retirement?

Saving for retirement looks different for everyone. Some buckle down in their early 20s and max out contributions, while others prioritize other financial goals and get a late start.

Regardless of which path you choose, it’s important to have a general idea of where you are on your journey to retirement.

Gauge your progress toward retirement with these tools:

1. Estimate what your living expenses will look like in retirement.

A key part of retirement planning is knowing how much you’ll need for monthly expenses. You can use this worksheet from Everence to calculate how much you’ll spend during retirement. While this worksheet will provide you with an estimation, it will help you determine what kind of flexibility you have in your budget.

2. Use the Everence retirement calculator to see where you stand today.

Use this retirement and 401(k) calculator to determine how much monthly income your retirement savings may provide you in your retirement. Your annual savings, expected rate of return, and current age all have an impact on your retirement's monthly income. Our retirement calculator can even provide you with a full report that gives you a year-by-year breakdown of your retirement savings, so you can see how much you’ll have saved up by age 30, 40, 50 and beyond.

3. Meet with an Everence financial professional.

While you can navigate retirement planning on your own, working with an Everence financial professional can ensure you’re on the best path forward. Our consultants can help you implement beneficial financial choices and can partner with you to pursue your retirement goals – no matter how big or small they might seem.