Exactly how much do you need to retire?
Figuring it out doesn't have to be a headache.
Free online tools make it much easier make plans.
Charles Schwab Investment Services offers an online retirement calculator at www.schwab.com .
Schwab financial planner Bella Palfalvi warns that a new reality is facing potential retirees.
"It's unpopular to say, but you're probably gonna have to save more and spend less," he says. "The thought used to be, 'I'm gonna retire and I'm done and I'm gonna go cruising and golfing,' and now it's a lot more, 'I want to go back into my community.'"
Consider working part time, freelancing at your former job or working at the library or local school.
Also, stay focused on the future.
While retirement isn't what it used to be, it doesn't have to be a mystery either.