Green Retirement Blog

In 2008, 47 percent of American workers, will try to calculate the amount of savings they will need for retirement (source). That means nearly 70 million Americans every year, incorrectly calculate the amount of money, they will need for retirement. Why are so many Americans incorrectly calculating the amount of money they need for retirement?

Traditional retirement planning calculators use the “Consumption Assumption” to guess the amount of money you will need for retirement. The “Consumption Assumption” is a guess that you will spend between 70% - 80% of your current earnings in retirement.

There is now available, a much more accurate retirement calculator, the Green Retirement Calculator. This new retirement calculator, calculates the amount of money you will need for retirement, based on how much you will spend in retirement. How much you spend, not how much you earn, is the critical factor in calculating the correct amount of savings for retirement.

The good news, besides the fact that there is now an accurate retirement calculator, is that people will discover that they need far less savings for retirement. Traditional retirement calculators over estimate the amount of money needed for retirement, sometimes by hundreds of thousands of dollars, creating unachievable savings goals and causing people to work longer than needed.

So, if you are one of the millions of Americans who is searching for a retirement calculator, try the Green Retirement Calculator, and prepare to be amazed. I suggest you try it sitting down.