How to plan for retirement (cont'd):

Calculating

Before you can calculate, one more thing you should know is how long you think you will be alive. So, try to estimate when you will die.

After you have considered that sobering thought, you should have all you need to know to calculate how long you will have to work before you can retire. A financial calculator is pretty helpful in such calculations. If you don't have one, don't worry. You can check try the online financial calculator at this address:

http://www.moneychimp.com/calculator/compound_interest_calculator.htm