How much do I need to save for retirement?

As you go through life, you’re going to have several financial goals. One of the biggest ones, however, will be putting aside enough money so you can live comfortably when you’re retired. However, this does lead to one big question:

How Much Should I Save for Retirement?

Unfortunately, there’s no definitive answer to this question. It depends on several factors, including:

  • When you start saving for your retirement
  • Your salary
  • Where you invest your retirement fund
  • What age you plan to retire

However, there are some rules of thumb that will help you determine how much you’ll need to save.

 

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