Estimate all your post-retirement income, including your TCDRS benefit, Social Security, personal savings and any other investments. To estimate your TCDRS retirement benefit, simply sign in or register for online account access.
Next, make a detailed estimate of your post-retirement expenses. Include basics like housing and everyday living costs, as well as healthcare, big-ticket items like a new car, and fun money for travel and leisure.
Compare your estimated income to estimated expenses. If your income-to-expenses projection appears closely matched, there’s a good chance you still need additional income in retirement. It’s not too late to start saving and investing extra money, and you might consider delaying retirement or working part-time.