The Answers Issue: Finance

While you’re still working, save at least 15% of your gross income—which includes any employer 401(k) match—to maintain your lifestyle in retirement.

Ultimately, you should have 10 to 12 times your final salary in savings at retirement. Along with Social Security, this should be enough to generate 70-80% pre-retirement income for most people.

Visit choosetosave.org/ballpark, an online calculator from the Employee Benefit Research Institute, to help you determine if you’re on target to meet your income needs at retirement

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