- Text
The Retirement Savings Menu: A Visual Take on How Much You Should Save
But most people aren't like me, and they don't necessarily take action steps based on facts, figures, and analysis. For many, seeing is believing -- and pictures have a greater impact on their decision-making than mere numbers. So if that's you, I'm here to help.
Here's a different take on figuring out how much you should save for retirement. What will you be eating and drinking in retirement? You'll find out by sampling the Retirement Savings Menu.
Save Nothing, and Here's What Your Retirement Diet Looks Like
Save 5 Percent of Your Pay, And Your Diet Improves a Little
Save 10 Percent of Your Pay, and Life Starts Looking Good
Save 15 Percent of Your Pay, and Now You're Cooking! (pardon the pun)
Get the picture?
Hopefully these images will motivate you to actually do the math to calculate how much to save for your retirement. I highly recommend using an online retirement calculator for this task; below I've listed some good posts on CBS MoneyWatch that will get you started.
More on CBS MoneyWatch
Retirement Calculator Roundup: Top Tools for Boomers
Top Tips for Using Retirement Calculators
How to Choose the Right Retirement Calculator for You
Images from iStockphoto
-
Steve Vernon For more than 30 years, consulting actuary Steve Vernon helped large employers design and manage their retirement programs. Now he helps you meet the new retirement goals: Have enough money to be happy for a long, healthy life. Survive economic meltdowns. Avoid being broke at age 85. Live your life, not the life defined by others.
Follow on Twitter »
- $26B mortgage deal: Who gets the money?
- Friendly's CEO steps down
- Quarterly loss hits $3.3B at Postal Service
- Greeks rail against cuts as EU demands more
- Valentine's Day: 9 places to save
- 6 things you should never share on Facebook
- Make moves now to increase financial aid
- GreenCloud saves paper, toner, money and time
- Obama plan for manufacturing revival a tough sell
- Leadership lessons from Alaska Airlines
- Foreclosure pact: Enough help for homeowners?
- EU: Greece must cut deeper to get bailout
- Big banks, gov't officials strike $25B deal
- LinkedIn swings back to profit
- LinkedIn doubles revenue, beats growth estimates
- Kodak to stop making digital cameras, frames
- Market cap, schmarket cap, Apple still gets no respect
- Snyder's-Lance swings to 4Q profit
- $26B mortgage deal: Who gets the money?
- AP Top Extended Financial Headlines At 8 a.m. EST
- Stock futures fall on Greek deal holdup
on Facebook
- Tenn. father charged with murdering couple who"unfriended" daughter on Facebook
- "Person to Person" with George Clooney
- Adele opens up about vocal cord surgery
on CBS News









