Retirement Planning Checklist
Organize the major assumptions and decisions in a long-term retirement plan.
- Choose an initial target retirement age.
- Estimate current annual spending and potential retirement spending.
- Inventory retirement accounts, savings and investments.
- List expected pensions, government benefits and other income sources.
- Set or review recurring contributions.
- Model conservative, moderate and optimistic return scenarios.
- Include inflation in long-term thinking.
- Consider taxes, fees, healthcare and longevity uncertainty.
- Review beneficiaries and relevant estate documents where appropriate.
- Revisit the plan at least annually and after major life changes.