Start Of Main Content

Building your retirement savings

Stay on track for building retirement you can really enjoy — not just settle for.

Build on your plan and protect your assets

Build your emergency fund

A large, unexpected expense or job loss can be a big financial hit to you and your family. Build an emergency fund to avoid dipping into your retirement savings.

Calculate How Much You Should Set Aside for Emergencies

Figure out your retirement needs

You may need about 70 to 90 percent of what you're living on at retirement to maintain that lifestyle. Use our Retirement Calculator to see if you're on the right track.

Boost your plan: 401k and IRA

Contributing to a 401k, SIMPLE IRA or other employer-sponsored retirement plan is a great way to save for the future. An IRA may also provide tax advantages and can help build your retirement savings too.

Individual Retirement Accounts (IRAs)

Protect your income

Talk to your State Farm® agent about health insurance and disability insurance . It may help protect you and your family if you become unable to work or take care of yourself.

Family first: life insurance and education savings

Life insurance may help replace lost income, which can be used to pay off debts and expenses and help maintain your family's standard of living. Education savings plans may help make it easy to save for your children's education.

Calculate What It Will Take to Save for a College Education

Leaving your job? Roll over your retirement funds

You'll need a plan for what to do with your employer-sponsored retirement plan. A Rollover to an Individual Retirement Account (IRA) may give you more control over the money you're saving for retirement.

Retirement Planning: Changing Jobs



Prior to rolling over assets from an employer-sponsored retirement plan into an IRA, it's important that customers understand their options and do a full comparison on the differences in the guarantees and protections offered by each respective type of account as well as the differences in liquidity/loans, types of investments, fees, and any potential penalties.

Neither State Farm® nor its agents provide tax or legal advice.