Steps to Get Started
  How Much Can You Save
  Are You on Track
  Catch-Up Opportunities
  Estate Planning
Steps to Get Started

Successful retirement planning depends on creating a strategy that works for you and your situation. This list can help you identify steps you can take to create a plan that works.

  1. Establish an Emergency Fund
  2. Set Your Retirement Savings Goals
  3. Maximize Workplace Savings
  4. Review Your Asset Allocation
Establish an Emergency Fund
Many experts suggest having a fund equal to six months of expenses kept in cash or another relatively liquid investment. This money can help get you through emergencies or other times when you might be tempted to dip into retirement savings or less liquid investments.

Set Your Retirement Savings Goals
Estimate how much you may need and evaluate how your current savings plan stacks up by using the Retirement Planning Calculator.

Maximize Workplace Savings
Your employer's 401(k), 403(b), 457, or SIMPLE-IRA plan is a significant benefit for your retirement savings. Employer-sponsored retirement plans have certain advantages:

  • Many employers will match your contributions up to a certain percentage. Matching contributions can help your account grow - that employer match is like getting an instant return on your investment. 1
  • Generally your contributions are made with pre-tax dollars, helping you not only to save for retirement, but also to reduce your current taxable income.
  • Any earnings in your retirement plan accumulate on a tax-deferred basis. By not paying taxes until money is withdrawn, you can accumulate more dollars toward retirement through tax-deferred compounding of earnings.
Review Your Asset Allocation
It is a good idea to review your asset allocations at least annually. Establishing an asset allocation plan and balancing your portfolio is one of the smartest retirement planning moves you can make.

Fidelity offers a broad range of planning tools and learning resources to help you manage various aspects of your personal finances.


Keep in mind that investing involves risk. The value of your investment will fluctuate over time and you may gain or lose money.

1 Subject to vesting or other requirements of the Employer-Sponsored Retirement Plan.

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