Figuring out what your living expenses will look like is the first step towards planning a financially secured retirement. You might struggle to come up with an exact number, but this calculator by Wiser Advisor can help you estimate your major costs, such as healthcare, housing and other miscellaneous costs helping you compare living expenses now from the day you retire. Along with the current and expected income, the numbers can help you decide whether you will be able to manage your dream lifestyle post-retirement, or whether you will need to cut corners. It will ultimately help you plan your saving requirements for the day you retire.
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