Step Three: Prepare for landing. If you are between 55 and 64 and starting to get serious about the transition into retirement, the simple to use CoRI tool can estimate how much future income your savings may provide at age 65.
There is always going to be uncertainty about reaching your retirement goals. The key is to not let uncertainty reach the tipping point where it leads to inaction. No single step will ensure complete clarity. But by using the tools linked above or others like them, you can create the confidence to keep moving forward – and maybe save more.
Chip Castille, Managing Director, is head of BlackRock’s US & Canada Defined Contribution Group. You can find more of his posts here.
There can be no assurance that an investment strategy based on the tools will be successful.