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4 Steps to Figuring Out How Much Money Should You Save For Retirement

Everyone's Talkin' Money

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How Much Money Do I Need to Retire?

So traditionally speaking, the perts quo say you're going to need somewhere around 80 % of your pre retirement income to cover the cost of living in retirement. So from there, you've got to figure out how much money you'll have each year in retirement. If you needed four thousand dollars per month, forty eight thousand dollars per year from your savings, you should aim to have about one point two million dollars in retirement savings.

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