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Save for Retirement

Save for Retirement

Guidance, tools and services to help you save for retirement through U.S. Bank and U.S. Bancorp Investments.

Regardless of where you are on life’s journey, one thing is certain. Your ability to retire on your terms may require thoughtful planning, disciplined investing and professional financial advice to stay on track. U.S. Bank and U.S. Bancorp Investments, Inc. can provide products and services to help.

The good news is that saving for retirement doesn’t have to be complicated. For many, the key is to estimate how much money you may need, develop a plan, invest with your objectives in mind, then monitor and adjust your plan accordingly. As your assets change, your need for professional advice may change as well. Our financial professionals will work with you every step of the way to help develop and implement your retirement savings strategy. And once you reach retirement, we can help you understand your ongoing income needs and manage your portfolio to work toward your income goals during your retirement.

See Retirement Planning for insights to consider when planning for and living in retirement.

How much money will you really need?

Conventional wisdom abounds with recommendations on how much you need to save for retirement. A better approach may be to develop a plan that’s realistic and tailored to your unique goals. Factors to consider include your current age, how much you’ve already saved, projected expenses in retirement, your tolerance for risk, and your goals for retirement.

  • One common rule of thumb is to assume that you'll need 70% or more of your pre-retirement income. Many are also preparing for the possibility that Social Security benefits will be reduced in the future. Be sure to take inflation into account, as well as how long you’ll need your money to last. With changes in life expectancy, it may not be unreasonable to prepare for your retirement to last 25 years or more.

    Once you’ve identified your savings goal, the next step for most is to set money aside regularly. While how much you save is a personal decision, many believe a good guideline is to try to set aside at least 10% to 15% of your income when you begin saving at a young age. The closer you get to retirement, the more you may want to save.

Calculate when you'll be able to retire

Are you on track to meet your retirement goals? Our retirement calculator can give you a quick look at how much you may need to set aside based on your current rate of saving and how much you’ve already built in retirement accounts. The calculator makes it easy to see how much more you could accumulate if you start saving more or delay retirement. You might be surprised by the difference a few dollars or a few years can make.
Retirement Calculator

Next Steps

IRAs and Retirement Services

Use Our Calculators

Investment Management

The right investment tools may play a critical role in working toward your retirement goals. Compare the potential tax advantages of Individual Retirement Accounts.

Customize scenarios for:

  • Retirement
  • Education
  • 401(k)
  • Insurance

We offer sophisticated investment management experience and a wide range of investment options.

Investment products and services are:

Not a DepositNot FDIC InsuredMay Lose ValueNot Bank GuaranteedNot Insured by any Federal Government Agency

This information represents the opinion of U.S. Bank and/or U.S. Bancorp Investments and is not intended to be a forecast of future events or a guarantee of future results. This information is designed to be educational and informative. It is not intended to provide recommendations, to provide specific advice concerning retirement accounts and investment planning, or to meet the needs of any particular investor. Investors should consult with their investment professionals for advice concerning their particular situations.

U.S. Bancorp is the parent company of U.S. Bank and U.S. Bancorp Investments.

U.S. Bank, U.S. Bancorp Investments and their representatives do not provide tax or legal advice. Your tax and financial situation is unique. You should consult your tax and/or legal advisor for advice and information concerning your particular situation.

For U.S. Bank:

U.S. Bank is not responsible for and does not guarantee the products, services, or performance of U.S. Bancorp Investments .

For U.S. Bancorp Investments, Inc.:

Investment products and services are available through U.S. Bancorp Investments, the marketing name for U.S. Bancorp Investments, Inc., member FINRA and SIPC, an investment adviser and a brokerage subsidiary of U.S. Bancorp and affiliate of U.S. Bank.

Insurance products are available through various affiliated non-bank insurance agencies, which are U.S. Bancorp subsidiaries. Products may not be available in all states. CA Insurance License # OE24641.

The Financial Industry Regulatory Authority (FINRA) Rule 2267 provides for BrokerCheck to allow investors to learn about the professional background, business practices, and conduct of FINRA member firms or their brokers. To request such information, contact FINRA toll-free at 1.800.289.9999 or via http://brokercheck.finra.org. An investor brochure describing BrokerCheck is also available through FINRA.

Get Started

Invest with an Advisor

Work with a dedicated advisor.

Call to Invest

Talk to a Financial Consultant at U.S. Bancorp Investments.

Invest on Your Own

Set up a self-directed online brokerage account or IRA account with
U.S. Bancorp Investments.

Wealth Management

U.S. Bank provides comprehensive wealth management services including financial planning, investment management, trust and fiduciary services and private banking.

U.S. Bancorp Investments offers financial planning, investment and brokerage services.

U.S. Bancorp is the parent company of U.S. Bank and
U.S. Bancorp Investments.

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