Here's How to Calculate Exactly How Much Money You'll Need in Retirement
There's a reason that retirement is considered the "golden years." After decades of working, it's a time for people to enjoy the fruits of their labor.
Retirement looks different for different people. Some want to spend time traveling the globe, some want to pick up a new hobby they didn't have the time to embrace before, and some want to do as little as possible. Regardless of your ideal retirement, the one common theme is that being financially stress-free during that time can greatly enhance the experience.
Part of being financially stress-free is knowing how much money you may need in retirement. Although there's no cookie-cutter answer, there are good baselines and guidelines that can help.
Source Fool.com
