High Net Worth Americans Think They'll Need $3 Million to Retire Comfortably. Here's How to Save That Much On a Modest Salary
You can pretty much bank on needing income outside of Social Security to live comfortably as a retiree. Those benefits will only replace about 40% of your pre-retirement earnings if you bring in an average wage. And chances are, you're not looking to take a 60% pay cut in retirement when you're worked hard all your life.
As such, it's a good idea to save diligently for retirement so you have extra money to access once your career wraps up. But just how much should you be saving?
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Source Fool.com
