As millions of Americans watched their savings and retirement accounts take a hit during difficult economic times, many were left wondering if retirement was still an option for them.
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For many, the first step to evaluating their financial future includes a retirement calculator to determine when they can retire and what is needed to do so. The AARP Retirement Calculator can help you figure out if your retirement is on track and help plan your financial future so you can retire when and how you want. The calculator is designed for single people, married couples and domestic partners who are still working and planning for retirement.
Research has shown that using a tool like a retirement calculator can be one of the best ways to help people focus on the steps many need to take to get their financial lives in order. With the information individuals receive from the AARP Retirement Calculator, users can quickly evaluate their current retirement possibilities and see the possible pathways to reach their desired retirement goals.
AARP’s Retirement Calculator includes the ability to develop a retirement plan for a dual-income home, calculate and include individual Social Security benefit estimates as a part of retirement income, easy to navigate tabs, easy to understand explanation of where an individual is currently at in their retirement planning and the ability to experiment with various retirement scenarios to create a plan that is right for each individual.
Upon completion of the calculator, individuals will be provided links to a number of AARP resources to learn more about Social Security, financial planning and health care in retirement.