How Your Retirement Goals Shape Your Retirement Savings

Saving for retirement is a challenge. Not only can the goal seem very far away, but also the very concept may be vague. Some folks envision their golden years on a beach, but others dream about giving back through a large amount of volunteer work. Still others fantasize about extensive worldwide travel.

When you're trying to determine how much to save for retirement, the rate of retirement spending has an enormous impact on how much you'll need to save. However, there are many other considerations as you contemplate your rate of saving for retirement.