Visit the Asset Allocation Wizard (Links to an external site.) , which provides suggestions about portfolio asset proportions based on your time frame and attitude toward risk. After you run the calculator with your preferences, change your inputs slightly to see what effect that would have on the results as your needs change in the future.

Here are some comprehensive online retirement planning calculators you can use:

1. http://money.cnn.com/calculator/retirement/retirement-need/ (Links to an external site.)

2. https://smartasset.com/retirement/retirement-calculator (Links to an external site.)

3. https://www.blueprintincome.com/can-i-retire?utm_source=ptmoney&utm_medium=blog&utm_campaign=affl&utm_content=blueprint-income-review (Links to an external site.)

Note: After you specify your current income and savings habits, your attitude toward risk, and other relevant information, this calculator will tell you the probability of successfully meeting your goals. They also offer suggestions for future savings plans and a graph of probabilities for several possible outcomes.

Following your evaluation of these sites, discuss how you presently are allocated within your own investment portfolio and how you’ve saved toward your retirement. Are you on track? Additionally, are you generally better prepared or less prepared than a typical member of the public or client that may approach you for assistance? Support this conclusion with articles that you may find in various journals and periodicals on the topic.