Plan Your Financial Future planning for the financial aspects of retirement

[Allen]

(10-19-2024 01:05 PM)Albert Chan Wrote:  More realistic saving rate for retirement ≈ 27.5% * (50/75) ≈ 18%, perhaps even less.

I've run similar calculations and 17-18% consistently comes up.

Fidelity agrees with 18% if you start around age 30.

As with all things financial, the real answer is: "it depends."

Save enough to not be a burden to your family and spend enough to enjoy your life, anywhere in the middle is ideal.