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Morningstar Database User's Guide: Savings

Saving for Colleges

The College Savings Calculator assists parents in saving for the kids’ tertiary education. College is a huge expense, and it is important to begin saving as soon as one conceives in order to ensure that the kids experience and enjoy their college years. This tool can help one determine if they are saving enough for college.

Saving for Retirement

The Retirement Cost Calculator is a helpful way to forecast what one’s financial situation will be in one’s golden years. If the amount is too low, people can adjust their saving habits. Unfortunately, the rate of financial literacy in the United States today is alarmingly low. It behooves everyone to begin saving for and thinking about retirement as soon as they become adults.