Save a little now for a big nest egg - WTVM.com-Columbus, GA News Weather & Sports

Save a little now for a big nest egg

by Web Staff - email | Twitter 

COLUMBUS, GA (WTVM) -  A recent Gallup poll suggest a little more than half -- 52% of Americans are worried they won't have enough money to live comfortably once they retire.

So the ConsumerWatch team found a simple way to figure out where you'll be when you hit your magic number.

Feedthepig.org operates a website (http://www.forefieldkt.com/kt_dt/dt_trns.aspx?xd=RetirementIncome&il=ai) that allows users to determine Social Security earnings and help plan for the future.

Then the calculator allows you to enter in your current age, starting balance, a rough rate of return and your annual contributions.

Then it takes into government influences like inflation and tax rates .

When it's all done, you'll have a detailed representation of your retirement savings by year.

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