Retirement Calculator

I came across a new "retirement calculator" from A.G. Edwards. (Read the press release) The scoring is based on the idea of credit scores, with ranks between 450-850. Anthing over 750 is considered excellent, 650-749 is good, 550-649 is fair and below 550 poor.

You answer 14 questions, including age, income, work years, home equity, savings and the like and it assesses the strength of your nest egg.

Your humble writer came in at 738, but mostly, I believe, because I do not own a home.

I like it because it compares you to other households, but my complaint is that unlike credit scoring, which have a predictive value (they tell a lender how likely you are to be late on a payment), A.G. Edwards offers no probability that you will reach retirement with x% of income. They also do not ask what your retirement goal is. Still it is worth checking out.