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2 Easy Ways to Estimate Your Retirement Savings Goals

·3 min read
2 Easy Ways to Estimate Your Retirement Savings Goals

Setting a clear goal for retirement savings is one of the first steps in planning for your future. One of the simplest ways to set retirement goals is to figure out what your ending annual salary will be and assume you'll need 10 times that amount. You can figure out your final salary by estimating the number of years left to retirement and assuming you'll get a 2% annual raise from your current salary.