If you’re looking for a quick picture of how much you need to save for retirement, Stash’s Retirement Calculator is a great choice. Enter your age, your intended retirement age, your pre-tax income, and how much you’ve saved and are saving, and you’ll get a snapshot of how much you’ll need and how much you’re on track to have.
But Stash‘s Retirement Calculator is also useful for those who want a more thorough view, as well. That’s because you can choose to incorporate several assumptions into the mix. These include how much of your current income you expect to need in retirement, your investment rate of return, life expectancy, and inflation. By making informed estimates here, you’ll get a much better idea of where you stand when it comes to retirement savings.
Stash requires a $5 investing minimum to start, so it’s one of the best investing apps for beginners. And if you go for the free Retirement Calculator, you might end up staying for the whole service.