Just as physical and mental fitness are important to healthy aging, so is financial well-being. Therefore, it's very important that people take a hard look at their finances and goals. Money magazine has developed a way to calculate how much of your savings you can afford to spend monthly once you retire. This worksheet shows you how much of your savings you can afford to spend in retirement each month, no matter when you retire, and still have the money to last as long as you do.
All amounts are in today's dollars.