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Planning for Retirement: Why It Pays to Save Now

Published: October 2015

Time is money when it comes to saving for retirement, and this tool can show you why. Whether you're entry-level, mid-career or nearing retirement, see how much you need to save each month to help reach your retirement goal — and what it could cost you if you put off saving for just a couple years.

calculator.

Why It Pays to Build Your Retirement Account Now

Financial Calculator

Time is money when it comes to saving for retirement, and this tool can show you why. Whether you're entry-level, mid-career or nearing retirement, see how much you need to save each month to help reach your retirement goal — and what it could cost you if you put off saving for just a couple years.

Get Started
calculator.

Why It Pays to Build Your Retirement Account Now

Your Age

How old are you?

Next

Retirement Age

Please select a retirement age that's not earlier than your current age.

At what age do you want to retire?

Back Next

Retirement Savings

How much do you want to save for retirement? Tip: Some experts recommend calculating 8 to 12 times your annual income as a general estimate

Back Next

Current Savings

Please enter an amount that does not exceed your retirement savings goal.

How much do you already have saved for retirement?

Back Finish

In order to retire by age , you'll need to save per month starting now1.

Start over

If you wait

You'll have to save

($ more)

to start saving for retirement

Ready to get started saving now? Get in touch with an Allstate agent, who can help you make a plan for retirement.

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1 Assumes annual returns of 4 percent. The rates of return used in this illustration are not indicative of any actual investment and will fluctuate in value. An investment will not provide a consistent rate of return; years with lower (or negative) returns than the hypothetical returns shown may substantially affect the scenario presented.


Securities offered by Personal Financial Representatives through Allstate Financial Services, LLC (LSA Securities in LA and PA). Registered Broker-Dealer. Member FINRA, SIPC. Main Office: 2920 South 84th Street, Lincoln, NE 68506. (877) 525-5727 Check the background of this firm on FINRA's BrokerCheck website.

Please note that Allstate Life Insurance Company or its agents and representatives cannot give legal or tax advice. The brief discussion of taxes on this page may not be complete or current. The laws and regulations are complex and subject to change. For complete details consult your attorney or tax advisor

The statements above are for educational purposes only and not intended as specific tax advice. Allstate cannot provide tax or legal advice. Consult a tax advisor regarding your particular circumstances.
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