It’s a fair question—and an important one. But the answer isn’t always straightforward, because everyone’s situation looks a little different.
That’s why I often start with a simple tool: a retirement savings calculator.
Why I Like Starting Here
Over the years, I’ve found that many people either feel unsure where they stand—or they’ve been meaning to “look into it” but haven’t had a clear place to begin.
A calculator can help change that.
It allows you to plug in a few basic details—like your current savings, how much you’re contributing, and when you’d like to retire—and see how those pieces might come together over time.
It’s not about getting a perfect answer. It’s about getting a clearer picture.
What I’ve Seen Make a Difference
In conversations with clients, small adjustments often come up in a meaningful way.
Sometimes it’s:
o Increasing contributions gradually o Rethinking a retirement timeline o Or simply becoming more intentional about a plan
What stands out to me is how helpful it can be to see those changes play out—even in a simple tool. It makes the conversation more real and easier to understand.
A Helpful Starting Point—Not the Full Picture
I always remind people that calculators are designed to give estimates. They’re based on assumptions, and real life doesn’t always follow a straight line.
Things like market changes, lifestyle choices, and unexpected events can all influence outcomes over time.
That’s why I view tools like this as a starting point—not a final answer.
How I Use This With Clients
When someone brings me their results—or we walk through it together—it can help give us a foundation to build on.
Instead of starting from scratch, we’re able to talk through:
o What the numbers are showing o What feels realistic for them o And how their goals fit into the bigger picture
From there, we can shape a more thoughtful approach based on what matters most to them.
If You’re Curious Where You Stand
If you’ve been wondering how your current savings align with your future goals, this is a great place to begin.
You can try the retirement savings calculator here: https://www.ameripriseadvisors.com/laura.parker/financial-calculators/retirement-savings-calculator/
And if questions come up as you go through it—that’s completely normal. I’m always happy to talk through what you’re seeing and help put it into context.
Ready to learn more? Get started by
requesting a complimentary initial consultation whenever it’s convenient for you.
Read more articles by Laura Parker