It's time to get a new perspective on what your retirement savings really mean. Instead of thinking about your savings as a lump-sum balance, take it a step beyond that and think about how that lump sum translates to a retirement income.


Seventy-one percent of today's workers expect a portion of their retirement income to come from savings they have accumulated in their employer-sponsored retirement plan.1


Use the Tools and Resources below to learn about how much income you may need during retirement.


Enroll in your employer-sponsored retirement plan now to begin building your retirement income.

Before you can determine how much you need to save today to reach your future financial goals, you may want to first get an idea of how much retirement income you'll need to meet your expenses during retirement. Here are a few quick tips to help you learn what your retirement income needs may be:

Estimate the percentage of your working income you'll need to replace, think about the age at which you expect to retire, and consider how long you'll need your retirement income to last.


Save as much as you can today and take advantage of catch-up paycheck contributions, as available, to boost your savings in the years leading up to retirement.


Consider consolidating assets from other eligible accounts into your current employer plan, if allowed, to potentially simplify your savings strategy and stay on track toward your retirement goals. You are encouraged to discuss rolling money from one account to another with your financial advisor/planner, considering any potential fees and/or limitation of investment options.

Using these quick tips can give you a great start on helping you meet your retirement income needs.

To help you estimate your future retirement expenses and how your current savings rate and investment mix will translate into retirement income, you can use the following tools and calculators available on this site:

    Retirement Planner – Determine whether you are on track saving for retirement, and if not, how much you may need to invest each year to reach your savings goal.

Log into your account to access more tools and calculators that will help you plan for your retirement goals by developing a personalized strategy.

Once you enroll in your plan, you'll have access to transactional features and tools through your plan's website that can potentially help you reach your retirement income goals. The following are some examples of the features and tools you'll have at your fingertips.

Each time you log in, you'll see a retirement income projection based on your current balance, contributions and estimated rate of return, which can help you keep your retirement strategy on track.

You'll be able to manage your account and make changes affecting your savings and investments.

The Asset Allocation Guidance Tool is available to you and can provide you with a recommended paycheck contribution amount and suggested asset allocation based on your retirement income goals.

There are many good reasons to save for retirement. One of the most important is to make sure you have an income when you're no longer working. The first step is getting enrolled. And once you do, these tools and features can help keep you on the right path.

1 The 2014 Retirement Confidence Survey, Employee Benefit Research Institute