This is definitely a topic that has not come to mind. When it asked what savings I currently had for retirement, it made me think I don't even have savings in general anymore. It is hard to imagine putting money aside for retirement when I have school loans to pay for. I think setting money aside for retirement is important though. While this calculator is not accurate, it does really put perspective on just how much it would take to reach the projected savings needed. It was sort of depressing to think of putting away 10.1% of my income towards money for retirement, or $796 a month ($9,552 a year). To think that I need $3,527,140 for retirement is crazy. I can't even imagine having that kind of money!
When reflecting on the data provided by the calculator it made me think how comfortable would I be living with that amount of money? Would that money provide me with lots of "play room," for example vacationing? I put that I would retire 30 years before my projected life expectancy of 93. So, at 63 I'm wondering exactly how much am I going to be able to do? Will I be able to travel? What would I use this money for other than the thought that I may end up in a nursing home facility? This calculator definitely brings about some questions that I have never thought of.