Retiring soon? Do the math
Specialists say you’ll need a realistic plan to make your savings last 30 years
Financial advisers say coming up with a realistic retirement plan include a cash analysis that tracks expenses a year or two before retirement to get a realistic annual spending figure, and then add retirement income and other sources such as pensions, Social Security, or ongoing employment to determine your assets. The goal: To make sure your annual spending doesn’t drain more than 4 percent of your pretax assets.