Ramsey Retirement Calculator
Retirement Analysis
Retirement Nest Egg: $0
Monthly Income in Retirement: $0
Recommendation: -
| Category | Amount | Details |
|---|
Understanding Ramsey Retirement Planning
Dave Ramsey's retirement planning focuses on debt-free investing and consistent saving through mutual funds.
Baby Steps to Retirement
Step 4
Invest 15% of income in retirement
Step 5
Save for children's college
Step 6
Pay off home early
Step 7
Build wealth and give
Investment Principles
- Debt-free investing
- 15% of income to retirement
- Growth stock mutual funds
- Long-term perspective
- Diversified portfolio
Frequently Asked Questions
Why 15% of income?
15% allows for a comfortable retirement while balancing other financial goals like paying off your home and saving for college.
What about Social Security?
While Social Security can supplement retirement, Dave recommends planning as if it won't exist for a more secure retirement.
Should I use a Roth or Traditional IRA?
Dave typically recommends Roth options when available for tax-free growth and withdrawals in retirement.
Financial Disclaimer
This calculator provides estimates based on Dave Ramsey's principles. Consult with a financial advisor for personalized advice.