I plan to have this much saved for retirement:
Average life expectancy 78.8
About a third of Americans nearing retirement age, those between 55 and 64, have no retirement savings. Those with savings had a median of $111,000 in 2013, according to Alicia Munnell, director of the Center for Retirement Research at Boston College. ______ with at least 30 years' service earn an average yearly pension of $______. And they are eligible to retire at __.
This calculator assumes a real 4% annual rate of return, which financial planners say is a reasonable expectation for a balanced retirement portfolio. State pensions are based on public records for employees retiring between 2010 and 2014 with 30 or more years of service.
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Sources: CalPERS, CDC, Times reporting
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