Here are Barbie’s results:

Barbie t rowe price retirement










Barbie will need to make some adjustments to meet her goals

  1. To replace her income at 75% she will actually need $5,938 per month. If Barbie waits until age 70 years to collect her social security, her monthly benefit will increase to $3,337 ($724.00 more per month).
  2. She may consider working a couple more years or increasing her 401k contribution (after the age of 50, the maximum is $24,000)
  3. Barbie used the T.Rowe Price Retirement Calculator to see if she was on track. See if you are on track!

Click here for more articles on saving for retirement.

Please wait...

Subscribe to our Monthly Newsletter

Get Savvy about your money! Enter your email address and name below to be the first to know.
Site designed, developed and maintained by ifusion studio.