Set retirement income and savings goals

Life’s Financial Journeys

Heading Off to College
Getting Out on Your Own
Blending Two Lives
Having a Child
Emptying the Nest
Entering Retirement
Death of a Life Partner
Military Life

When retirement is far in the future it is difficult to accurately know how much income you will need to cover your monthly expenses.

Now that you are nearing retirement you can begin making more accurate assessment of the income you will need. That amount will help you more accurately set a retirement savings goal.

The following resources may assist you in how to set retirement income and savings goals:

Test Drive Your Retirement

Retirement Calculator / Worksheet

Estimating Retirement Expenses

Comparing Income and Expenses

Emptying the Nest Tasks

1. Financing college
2. Revising your spending plan
3. Planning for long-term care
4. Preparing for retirement
5. Estate planning

Preparing for retirement Subtasks

1. Review your investments
2. Set retirement income and savings goals
3. Revise your retirement planning to achieve financial security in retirement


NAPFA Consumer Education Foundation
8700 W. Bryn Mawr Ave., Suite 700N
Chicago, IL 60631
(847) 483–5400 ext. 106