Shutterstock RETIREMENT ADVISER SPECIAL REPORT Shutterstock.com New taxes, new tax strategy The new tax law is forcing retirees to take a closer look at their tax strategies in retirement and, for some, it means big changes in how they save, invest and draw down their resources.
Sources: Social Security Administration; Federal Reserve of Philadelphia; Department of Labor. This calculator estimates how much you'll need to save for retirement. To make sure you're thinking about the long haul, we assume you'll live to age 92. But you could live to be 100 or incur large medical bills early on in retirement that may raise your costs even further.