What is a couple's retirement calculator?


Quick Answer

A couple's retirement calculator is a program that asks important questions of each person in a couple to help determine how much money they need for retirement and how to start planning for it, according to New Retirement. The calculator should consider age, incoming benefits, current income and more.

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Full Answer

American Funds suggests running two separate results, one as individual singles and the other as a married couple, if each spouse plans to retire at a different time. New Retirement says that survey results indicate that only a small amount of couples express confidence in their partner's ability to manage finances, and less than half of couples make financial decisions together. A couple's retirement calculator can help relieve those problems.

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