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.
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