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Save for Retirement

Save for Retirement

We can provide guidance, tools, and services to help you save for your retirement.

Regardless of where you are on life’s journey, one thing is certain. Your ability to retire on your terms may require thoughtful planning, disciplined investing and professional financial advice to stay on track. U.S. Bank and U.S. Bancorp Investments, Inc. can provide products and services to help.

The good news is that saving for retirement doesn’t have to be complicated. For many, the key is to estimate how much money you may need, develop a plan, invest with your objectives in mind, then monitor and adjust your plan accordingly. As your assets change, your need for professional advice may change as well. Our financial professionals will work with you every step of the way to help develop and implement your retirement savings strategy. And once you reach retirement, we can help you understand your ongoing income needs and manage your portfolio to work toward both your income goals and greater peace of mind during your retirement.

How much money will you really need?

Conventional wisdom abounds with recommendations on how much you need to save for retirement. A better approach may be to develop a plan that’s realistic and tailored to your unique goals. Factors to consider include your current age, how much you’ve already saved, projected expenses in retirement, your tolerance for risk, and your goals for retirement.

  • One common rule of thumb is to assume that you'll need 70% or more of your pre-retirement income. Many are also preparing for the possibility that Social Security benefits will be reduced in the future. Be sure to take inflation into account, as well as how long you’ll need your money to last. With changes in life expectancy, it may not be unreasonable to prepare for your retirement to last 25 years or more.

    Once you’ve identified your savings goal, the next step for most is to set money aside regularly. While how much you save is a personal decision, many believe a good guideline is to try to set aside at least 10% to 15% of your income when you begin saving at a young age. The closer you get to retirement, the more you may want to save.

Calculate when you'll be able to retire

Are you on track to meet your retirement goals? Our retirement calculator can give you a quick look at how much you may need to set aside based on your current rate of saving and how much you’ve already built in retirement accounts. The calculator makes it easy to see how much more you could accumulate if you start saving more or delay retirement. You might be surprised by the difference a few dollars or a few years can make.
Retirement Calculator

Next Steps

IRAs and Retirement Services

Use Our Calculators

Investment Management

The right investment tools may play a critical role in working toward your retirement goals. Compare the potential tax advantages of Individual Retirement Accounts.

Customize scenarios for:

  • Retirement
  • Education
  • 401(k)
  • Insurance

We offer sophisticated investment management experience and a wide range of investment options.

Investment products and financial services are provided through U.S. Bank and/or its affiliate, U.S. Bancorp Investments.

Investment products are:

Not a Deposit Not FDIC Insured May Lose Value Not Bank Guaranteed Not insured by any Federal Government Agency

U.S. Bank, U.S. Bancorp Investments, Inc., and their representatives do not provide tax or legal advice. Each individual's tax and financial situation is unique. Individuals should consult their tax and/or legal advisor for advice and information concerning their particular situation.

For U.S. Bank:

U.S. Bank is not responsible for and does not guarantee the products, services, or performance of affiliates.

For U.S. Bancorp Investments, Inc.:

Investment products and services are available through U.S. Bancorp Investments, Inc., member FINRA and SIPC, an investment adviser and a brokerage subsidiary of U.S. Bancorp and affiliate of U.S. Bank.

Insurance products including annuities are available through U.S. Bancorp Insurance Services, LLC, and U.S. Bancorp Investments, Inc.; in Montana, U.S. Bancorp Insurance Services of Montana, Inc.; and in Wyoming, U.S. Bancorp Insurance & Investments, Inc. All are licensed insurance agencies and subsidiaries of U.S. Bancorp and affiliates of U.S. Bank. Policies are underwritten by unaffiliated insurance companies and may not be available in all states. CA Insurance License # OE24641.

The Financial Industry Regulatory Authority (FINRA) Rule 2267 provides for BrokerCheck to allow investors to learn about the professional background, business practices, and conduct of FINRA member firms or their brokers. To request such information, contact FINRA toll-free at 1.800.289.9999 or via www.finra.org. An investor brochure describing BrokerCheck is also available through FINRA.

Get Started

Invest with an Advisor

Work with a dedicated advisor. For people with $100,000 or more to invest.

Call to Invest

Talk to a Financial Consultant at U.S. Bancorp Investments. For people with $1,000 - $100,000 to invest.

Invest on Your Own

Set up a self-directed online brokerage account or IRA account with U.S. Bancorp Investments.

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