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Individual Retirement Planning

Living on Your Retirement Savings

Check Your Progress

Throughout the decade preceding retirement, check periodically to see how successfully you're:

Finding a balance between investing more conservatively while allowing for some growth of your assets.
Outpacing inflation.
Creating a distribution plan that allows for a comfortable lifestyle and stretches your savings over your lifetime.

Use the calculator links at right to check your progress. If you're not saving enough, look for ways to save more or re-evaluate your retirement expectations. In addition, focus on financial issues that can affect retirement planning decisions as you approach retirement. Here are common financial/retirement planning considerations for most people during the preservation phase:

During your 40s:

Retirement plans and retirement savings goals review
Retirement savings adequacy
College savings, including deciding if grants or scholarships will be needed
Aging parents' health care and long-term care insurance needs

During your 50s:

Retirement plans and desired retirement age
Retirement savings, including preliminary calculations to determine if your retirement savings goal is on target
Maximum allowed contributions to your retirement plan and catch-up contributions if you're behind in your retirement savings

During your 60s:

Retirement savings distribution options
401(k) rollovers, depending on employment status
Retirement plan finalization
The transition from accumulation of savings to distribution
Work options if you can't afford to retire or want to continue working
Medicare application (three months before turning 65)
Employer-provided insurance, Medigap insurance, long-term health care insurance, prescription drug coverage and other options for meeting health care needs
Social Security benefits

Ongoing:

Complete, accessible financial information, especially beneficiary designations
Net worth
Retirement plan re-evaluation
Employer-sponsored retirement account consolidation
Debt amount
Credit rating
Sufficient savings for emergencies
Life-altering events, such as disability
Personal medical history and status
Local, state or federal tax law changes

Plan for Medical Expenses

Restructure, Revise and Relax

Next steps

The most critical steps you can take to make sure your retirement plan stays on track are:

Make it on ongoing, hands-on priority at each phase of the timeline.
Use your financial advisor as a resource to plan effectively.

These calculators will help you check your progress:

NOT FDIC INSURED

MAY LOSE VALUE

NO BANK GUARANTEE

Before investing, investors should carefully read the prospectus and/or summary prospectus and carefully consider the investment objectives, risks, charges and expenses. For this and more complete information about the fund(s), investors should ask their advisers for a prospectus/summary prospectus.

All data provided by Invesco unless otherwise noted.

Invesco Distributors, Inc. is the US distributor for Invesco Ltd.'s retail products. It is a wholly owned, indirect subsidiary of Invesco Ltd.

Invesco Distributors, Inc.