Re: Wise sages of 2+2 -- How much should one have saved before retiring?
who knows what things will cost in later years. save whatever you can and then deal with that. you cant do anything more.
but save at least ten percent of what you make gross. more is better.
if you are enterprising at all you will still make money when you retire at something. so you may not need what you think. having a home paid for is the biggest thing to not have over your head at retirement. then costs go way down.
at retirement you will basically be living off what money market rate you get from your nest egg and social sec. plus whatever you can earn.
|