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There is no bottom-line cost for transitioning into retirement. Cost assessment should include increases in areas like travel, hobbies and medical care. These costs will vary depending on your lifestyle as well as the average cost of living in your area.
Source: http://moneycentral.msn.com/personal-finance/calculators/Determine_Your_Retirement_Expenses_Calculator/home.aspx
by TechPlanner on April 22nd, 2010
Another tool you can try is the Retirement Calculator at http://www.vestingpoint.com. It allows you to enter a more comprehensive picture of your financial situation including entering college, wedding, etc expenses, house and real estate assets, real estate income and many others.
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