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Trying to predict your expenses in retirement is difficult because there are many variables - including length of retirement, lifestyle, and investment return. As a rule of thumb, financial professionals advise retirees that they will need 60% to 80% of their pre-retirement income for each year they are in retirement. To learn what your financial needs may be, please use our Retirement Planner.

The benefits of starting now
Even if your contribution amounts are small, starting early can help you accumulate a sizable nest egg. As you can see in the chart below, waiting to begin retirement saving means you may have to contribute a much greater amount to have the same account balance at retirement.