For The Good Life, Hit `Enter'

Software and Web sites can help you plan for retirement

Who doesn't dream of a comfortable retirement spent combing tropical beaches or schussing down the slopes of Aspen, Colo.? But for many Americans, those dreams won't become reality: Merrill Lynch & Co.'s latest retirement index suggests that the average Baby Boomer will need to nearly triple his or her rate of savings to maintain their current standard of living in their twilight years. If you'd like to see where you stand, there are a number of software programs and Web sites that can help provide a quick snapshot of your retirement outlook.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.