Find Out Your Nest Egg Score

A.G. Edwards has a short online quiz that determines your “nest egg score” based on criteria like how long before you plan to retire, how aggressively you invest, and where you live. It’s not meant to provide an in-depth portfolio review, just a quick sketch of where you stand—you’ll get a score very similar to a credit score, along with a comparative national average and a list of tips on how to improve your score.

The national average is also an interesting, if somewhat informal, way to gauge the larger savings trends in the U.S.: “Compiled from a dozen statistical factors, the quarterly Nest Egg Score is designed to be a comprehensive indicator of how well U.S. households are doing at building personal wealth.”

“What’s Your Nest Egg Score?” [PFBlog]

RELATED
“A.G. Edwards Nest Egg Score Estimator” [A.G. Edwards]
(Photo: Getty)

Comments

Edit Your Comment

  1. stinerman says:

    498 – Poor

    I expected that, since I’m unemployed (but I counted my fiancee’s income), save nothing (due to paying off debt), and have about $40,000 in student loans to pay off.

  2. RandomHookup says:

    Seems a little balanced to people who can’t save much…such as the lowest option for what % of pay you spend — 80%! That seems high, but I scored Excellent and am ready to quit the rat race now.

  3. MYarms says:

    506. I guess that’s considered poor. I was expecting a negative number seeing as how I have no viable income, don’t save any money and never see myself being able to retire.

  4. vex says:

    678 – Good. I spend about 90% of my take-home and save the rest, plus contribute 15% pre-tax. The tips at the end were no good though. It tells me to pay down debt, but that had nothing to do with the test. I contribute 15% to retirement pretax, but it tells me to start saving more and reach at least 10%. I don’t have a child, but it tells me to start saving for his education. A couple other generic things. Meh.

  5. fredmertz says:

    Let’s remember to take with a grain of salt an “Are you saving enough for retirement” quiz sponsored by a company that has everything to gain by giving you the answer “no”.

  6. FrankTheTank says:

    This calculator seems to be more geared toward older folks that are a lot closer to retirement. (people who have built strong home equity, and still save a good bit, while being 5-20 years from retirement…)

    I’m gonna doubt that this applies to many Consumerist readers…

  7. ceejeemcbeegee is not here says:

    No check box for the self-employed I see. And apparently, there’s not other way to save for retirement other than a 401k.

  8. msgotrox says:

    Agree w/ VX001 – the advice is lame. I am debt free, max out my Roth IRA every year, and save ~15% besides. I was told to pay off my debts and start saving for retirement. Duh, not doing a great job of driving my business to AG Edwards, guys!

  9. hypnotik_jello says:

    @ceejeemcbeegee: Well at least self-employed persons can contribute up to 20% of their businesses net profits, and that 20% is not subject to FICA (SE Tax).

    So, let’s say you make $100k net profits, your could contribute up to $20k to your self employed 401k + $15.5k (max 401k salary deferral) + $4k (roth IRA).

    Anyway, I’m a self employed software developer and have things setup similar to this way. I recommend talking to your accountant for more information.

    The good thing about a self-employed 401k (keogh) is that you can contribute to it through the april of the following year for profit-sharing contributions.

  10. redclear55 says:

    this is a commonly used tool in the financial services industry… client education. the point is to create a tool (or white paper for the non-interactive variety) which targets a certain demographic who 1) appreciates learning about saving money (read as penny pincher; lots of investable assets) and 2) feel like they need more advice (read how the answers are “not good enough”). if you notice the link on how to directly find an adviser is right next to the “score”.

  11. loueloui says:

    692 Woo hoo! And I have Clark Howard to thank for all of it. Five years ago I would’ve had a negative number if there was such a thing. I had no money, no credit -except bad, and no assets. Now I have $0 credit card debt, a great credit score, a healthy retirement account, and own my own home.

    All you slackers out there, let this be your wakeup call. The people who really have money aren’t the ones you see zooming around in the new Lexus. They had money.Overwhelmingly the ones coasting along in the old Plymouth wagon have real financial security.

  12. MercuryPDX says:

    Kinda shocked I got a 668 since I’ve been laid off for almost the past three months and “planning for retirement” is on the far back burner.

    It DOES make me feel I’ve been taking the right steps though.

  13. bonzombiekitty says:

    642 – Fair. Been out of school and in the real world for a year, $22k in student loans and I end up with about $200-300 left over at the end of the month on average. I put 10% of my salary into a 401k, which is matched by my company. Since I’ve been eligible for my 401k at work (less than a year) I’ve built up about $10.5k in it – showing about 10% growth on the value of my investments in that over the year.

  14. anatak says:

    686 – rockin!

  15. savvy9999 says:

    715, but still feel broke. That’s a good thing.