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re: Goal for retirement savings as a ratio of salary

Posted on 4/1/24 at 5:37 pm to
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
35741 posts
Posted on 4/1/24 at 5:37 pm to
quote:

My current view is that a good target is to have 20 times your income at retirement age. Meaning, if you retire at the age of 60 making $150K a year that you have at least $3M in a retirement fund.


It should be based on how much you spend, not how much you made before retirement.
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