Instructions:

1. Figure out how much money you will need at retirement. This can be done at the https://www.nerdwallet.com/calculator/retirement-calculator. 

How NerdWallet's retirement calculator works

To estimate how much you'll save by retirement age ("What you'll have"), start with your current age and how much you've saved so far. Add your annual pre-tax income, monthly contributions, and your estimated monthly budget in retirement to calculate how much more you'll save between now and your projected retirement date. Our calculator takes into account salary increases, compound interest, inflation, and rates of return to arrive at the final estimate.

When calculating your target retirement savings total (“What you’ll need”), our default assumptions include:

• Retirement age of 67 (when most people will receive full Social Security benefits).
• A 6% rate of return before retirement and a 5% rate of return during retirement (assuming a more conservative portfolio).
• A 3% average annual inflation rate.
• Salary increases of 2% per year.
• Life expectancy of 95.

You may change any of these default numbers by selecting "Advanced Details" to reveal them.

2. You can also determine your Social Security benefits at (http://www.socialsecurity.gov/estimator/). 

Write a brief synopsis with your findings. Was this eye-opening? Based on our current state of America, how do you anticipate setting yourself up for your financial future. 

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