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def1 said:

<<1) I am 31 and want to work for 15 more years, that will put me at age 46. I will then live on the money I saved during that 15 year period until I turn 59.5 and am able to draw on my Roth and 401's. I am just starting to invest.

a) Where can I go to find out how to calculate how much I need to save per month to meet these goals?

b)Are there any easy to use retirement calculators out there?>>

My favorite tool is the Vanguard Retirement Planner (VRP). This was a program that Vanguard offered to their customers [and to anyone off of the web site] for a nominal processing/shipping fee [if I remember, it was $10 or $15] several years ago. I don't know if they are still offering it; there are several references to it on the web site.

The beauty of this program is that after entering the basic parameters and information, you can just grab a slider for inflation rate, rate of return, etc. and watch the totals available change instantly in graph form--it is really amazing watching your totals be a growing fortune at age 95 to living penniless from age 70 by moving the projected inflation rate from 3% to 5%.

It will also handle your situation nicely--projecting funds needed until retirement vehicles (pension, SS, IRA distributions, etc.) kick in at a later date.

It is a couple of years old, so it does not have Roth IRA info, nor the lower LT cap gains rate.

Try to see if it is still available. Maybe they have updated it. I think you will like it. I have had a couple of analyses done by financial planners [via retirement "classes" I have taken]. These are very detailed, but use only one set of assumptions. The VRP can do the "what if" so nicely.

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