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How much should I save for retirement?

Best Answers

Figuring out how much you should save for retirement requires making a few predictions. Here's how to estimate your retirement needs in four steps. read more

"As much as you can" is the standard advice. Many financial planners recommend that you save 10% to 15% of your income for retirement, starting in your 20s. But that's just a general guideline. read more

As a rule of thumb, most experts recommend an annual retirement savings goal of 10% to 15% of your pretax income. read more

For example, if you save 15% of your income and elect to spend at NerdWallet’s assumed rate of 20% less than you do pre-retirement, the calculator will show you how much you need to save to replace 65% of your current income. read more

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