Here's How Much You'd Need to Save Right Now to Retire With $2 Million
Today's workers have a challenging task ahead of them in saving for retirement.
It's a rare employer that still offers a pension, and Social Security benefits are only designed to replace around 40% of your pre-retirement income. That means the majority of your income in retirement will need to come from your savings.
Retirement isn't cheap, though, and the average worker estimates retirement will cost around $1.7 million, a survey from Charles Schwab found.
Source Fool.com
