One of the important benefits derived by using a retirement planning tool is the careful determination of your goals and budget. You cannot expect to have enough savings to last your retirement without carefully assessing your assets and making a budget. There are many tools that will help you define your goals and expectations. You should also create a retirement plan that entails your savings, investments, projected needed income, and foreseeable expenses. Budgeting and goal setting is the key to making your retirement plan successful.