Retirement Save

Retirement Savings Demystified - Dollar a Day keeps the Doctor Away! 

Retire On Track LLC.

Sadly, most Americans are not saving enough money toward their retirement.  According to a study conducted by the U.S. Department of Commerce only 5 percent of Americans have saved and invested enough money to be financially independent at age 65.  This means not having to rely on the U.S. government for any part of their retirement. Social Security's future is in question - leading some to call it Social InSecurity. 

Even if Social Security is saved, the Social Security Agency states that, "Under current law, if you have average earnings, your Social Security retirement benefits will replace only about 40 percent, so you'll need to supplement your benefits with a pension, savings or investments."  Have you saved enough toward your retirement? Through the use of Bob's free retirement calculator, you can immediately see the answer to this question. If the results are not what you expected, there is hope.  Always keep in mind that the earlier you start planning the better, but it is never too late to start planning for your retirement.

Start your retirement savings plan now.  Every penny counts.  Even saving $100 a month can make a tremendous difference in how comfortable your retirement will be. Assuming an 8% return on your investments of $100 a month and that your current age is 50, would give you $34,747 at age 65.  Save more, have more. The table below gives more examples based on rate of return and the amount saved per month.

Your Retirement Investments Can Really Add Up

Interest Rate

Amount Saved per Month






$ 17,363

$ 18,920

$ 20,648


$ 34,727

$ 37,841

$ 41,295


$ 52,090

$ 56,761

$ 61,943


$ 69,453

$ 75,681

$ 82,590


$ 86,817

$ 94,601


































Projection amounts do not take into account the affects of taxes or management fees.

If you are fearful that you will never have enough to retire, take heed.  Even the smallest step toward your retirement savings will help you on your journey to a comfortable retirement. As David J. Schwartz said, "To fight fear, act. To increase fear - wait, put off, postpone."  

You have to be the one to take your first step.  But, that does not mean you have to take the journey alone and depend solely on your own financial talents.  Even the most seasoned investors need some professional retirement planning help.  To start building a financial plan, try a FREE subscription to Financial Tips & Hints newsletter.

How do I keep up-to-date on the latest news impacting my retirement?

To keep informed about retirement topics, try a FREE membership to Financial Tips & Hints. At no cost to join, you will receive a monthly newsletter full of financial information to inform and empower you to have a successful retirement. As an added bonus, we will include Bob's Retirement Calculator (As Seen live on CBS TV) for FREE.