NEW YORK—Putnam Investments unveiled a new website for its 401(k) plans Monday that keys investors into a monthly retirement income figure, rather than their existing balance or a retirement savings target.

Putnam hopes that by pointing investors toward actionable steps they can take by saving more, retiring later and changing their portfolio mix—instantly visible on a sliding scale that shows the effects on their monthly retirement income—it will break down retirement savings into incremental steps that will both motivate investors and inspire confidence.

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