Manage Your Money Now to Afford your
Retirement Lifestyle
Once you've thought about when you want to retire and what you might want your retirement lifestyle to look like, the next step is to determine if you’re saving enough to make it happen. The sooner you act on your savings, the more time you have for your money to grow, aka compound. The key is finding the right balance between your current and future needs.
Start here: define your retirement lifestyle.
Decide what it is that you want to do and how you want to live in a post-work world. If you haven’t done this already, use the resources on the Lifestyle page to help guide you.
Then ask yourself: how much would your retirement lifestyle cost?
After you’ve envisioned your retirement lifestyle, there are two ways to answer this question:
- Understand if your lifestyle will cost more, less, or about the same as your current lifestyle, then plan for a potential change.
- Learn how Budgeting in Retirement could be different than budgeting for today.
Finally: are your retirement preparations enough to meet your goal?
You now know the lifestyle you envision and how much it will cost. Now, it’s time to figure out whether you’re on track to meet your goal and what changes you could make today to get there.
- Review how your Delta 401(k) Plan Account or Delta Pension could help you pay for retirement.
- Know how much Social Security could support you in retirement.
- Understand Taxes for your 401(k) and Social Security in retirement.
Financial Planning Tips
Check out what some Delta retirees had to say about what they knew (and wished they knew) when making financial decisions about retirement.
How to Make the Most of Your Retirement Income
Think about your retirement income sources and learn how you could potentially use them throughout your retirement.
Use Fidelity’s Retirement Income Calculator.
If you don’t already know how much money you may need each month in retirement, this tool can help fill in the blanks.
Get 1:1 Support
- For questions about retirement preparation, call the Fidelity Service Center for Delta at 800-554-0262, Monday through Friday, from 8:30 a.m. – 8:30 p.m. ET, excluding NYSE holidays.
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* IMPORTANT: The projections or other information generated by the Fidelity Retirement Income Calculator regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results, and are not guarantees of future results. Results may vary with each use and over time. Read our methodology.