By the time you retire, will you have enough money to pay your bills and meet your needs? What is your number? Go to the warp retirement calculator and follow the step-by-step instructions. You’ll find the calculator at:

Http://www.aarp.org/work/retirement-planning/retirement_calculator.html#/your-options

Just follow the instructions, step-by-step. In step 1 of the calculator you will enter information that is specific to your situation.

In step 2 your number will be calculated as the “minimum needed to retire” based on the information that is entered in step 1.

Step 3 will show you the effect of changing your retirement age and changing your retirement spending. Once you’ve made the calculations, answer the following questions: what is your number (minimum needed to retire)?

Complete a second calculation by delaying your retirement age and/or changing the percentage that you are saving.

Write a summary of

1) What the numbers are and what variables that was used (income, retirement age, saving percentage)

2) How did changing the retirement age and/or savings amount cause the number to change

3) Your overall thoughts regarding your retirement plan.

Answer rating: 100% (QA)

Theres a lot of debate about the number the expression used to make clear how much money you need to save to be alive a financially relaxed retirement ... View the full answer