Following Your Retirement Savings Calculator
The easiest part about using a retirement calculator is following your plan. After you've used the retirement calculator using income, expenses and anything else that has to do with your finances, you're going to come up with a number that you need to put away into savings each month so that you can have money left over for retirement. The retirement savings calculator, though, is only a tool. The hard part is following your plan. Imagine if you used a retirement savings calculator and found that you needed to put four hundred dollars into savings each month. If you go out with your friends once or twice a week and you cut into the money you're supposed to be saving, you're going to kick yourself when you retire and you find you don't have as much money as you thought you would. Therefore, use a retirement savings calculator and stick to that plan no matter what if you hope to have an enjoyable retirement.
What Will Happen
If you don't follow the plan you came up with by using the retirement savings calculator, you'll find that you don't have much money to retire. That might mean you need to keep working. Or, you may find that you need to get a part time job while you're supposed to be enjoying retirement. Think about the old men and women you see guarding the front doors at Wal-Mart, or the old people mopping the floors at McDonald's. Do you want that to be you? If not, then follow the plan you came up with by using the retirement savings calculator. Then, when you're tempted to break that plan, think of yourself mopping floors of guarding doors while you're supposed to be enjoying retirement and you'll likely refrain from spending.
It might be best to find a financial planner who can use a retirement savings calculator using your income and expenses to find out exactly how much you'll need to put away each month. The reason it's best to hire someone to do this for you is because you'll often stick with the plan if someone else did it for you. You might feel obligated to follow through with it and you'll have confidence in knowing that an expert put the plan together for you.
Just remember to stick with your plan no matter what happens. You'll thank yourself when you finally do retire and you find that you have plenty of money to do whatever you want with it.