4 ms·
The article does not say to save 50% of your income. It says that if during retirement you want to replace 50% of your income average during your working years
by elmuchoprez 13y ago
The article does not say to save 50% of your income.
It says that if during retirement you want to replace 50% of your income average during your working years, you need to save approximately 17% of your working income over a 30 year period.
- quaffapint 13y agoDepending upon what category you're looking at. For us folks that are close to retirement than a 20 year old, it does say to save near 50%. My current 8% is what I can max at, and thus my calculation of working another 100 years based upon x times my salary.