The success to your retirement is careful planning. There are many tools available that will help you assess how much money you will have for your retirement as well as how much you will need to spend. Your income will consist of your model retirement portfolios, 401k plans, Social Security, and savings and investments. Using financial calculators can help you determine how much you will receive from all of your resources. These figures are vital to the careful planning of your retirement. After you have determined your income, you will need to assess your daily cost of living, budget, and health care needs. You should also set aside money for unexpected health emergencies. If you find that using these tools is overwhelming, you may want to seek the advice and counsel of a licensed Financial Planner who can assist you with using retirement planning tools.