How much money should you save for retirement?

If you are living a comfortable lifestyle with a spouse and expect to live another 20-25 years in today's money?

How much money should you save for retirement?
First of all in today's world you need to expect to live 30 years just in case. People are living longer and longer so you do not want to be short or run out of money.


Then what ever number we end up with you need to determine how much of that money is not adjusted by inflation and what % is in the stock market to keep you in the long run beating inflation.


If you have 1.5 million today would be very good but in about 15 to 20 years you will need maybe 2.5 million to maintain the same standard of living you have now.


That means you have to be wary of how much you take out of your critical mass (4-5% max to have a high % (90)of growth success)


This all seems like a lot of money but if you work hard for a long time a middle income person can do this even without inheritance money.


Even when you do retire (65) you need to still think like a young person (as far as investments are concerned) because you are thinking about the next 25 to 30 years and want income and growth. If you play your cards right you will make more saving in those last 25 years than you did by your retirement years.

azalea tree