Retirement Readiness Quiz

At what age will you be ready to retire?

Answer these 6 quick questions to determine whether you’ll be ready for retirement or if you need to change your plan.

How old are you?

This number determines how much time you have to prepare for retirement.

What is your current or most recent annual income?

Use your gross annual income before taxes and other deductions. This number helps gauge your ability to save.

What are your total retirement savings so far?

This number should include… ????things????…. plus any employer contributions to help gauge your retirement readiness as of today.

How much do you save each month for retirement?

This number helps determine whether you’re on track to have enough money saved by retirement age. Be sure to include contributions going to your workplace savings account ([e.g. 401(k), 403(b)] or IRA or other savings account. Don’t forget to include your employer’s contributions. Use your best guess if you aren’t sure of the exact amount.

How will your expenses change when you retire?

I’ll spend less

I’ll spend the same

I’ll spend more

Keep in mind, your standard of living will likely change when you retire. Will you mortgage be paid off? Will you save money on your daily commute? Will you spend more on travel and entertainment?

How would you describe your investment style?

Conservative

Moderate

Growth

Conservative: Lower risk for capital preservation
Moderate: Taking on moderate risk for moderate returns
Growth: Accepting more risk to seek higher returns