One of the first things people do once they get serious about planning and saving for retirement is to look at a retirement calculator to find out how much they need to save. There’s nothing wrong with that. However, every person’s situation is completely different. What might be the right amount for one person will not be right for everyone. For example, someone who is happy staying home and fishing at their local lake during retirement will need less than someone who plans to travel frequently and fish in the Florida Keys. These are the types of things a retirement calculator might not take into consideration before giving you the lump sum amount you’ll need for retirement.