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Posted in Retirement
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Question By
milrite

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How much to save for retirement?
I have no major nest egg.

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Common wisdom is you need about $500,000 to be comfortable ($45000/year) if you retired today at 66 and planned to live another 15 years without working.  Assuming a 3% inflation rate, that number will double to $1,000,000 24 years from now.

Top Contributor
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There are a lot of Retirement Calculator

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out there on the Web, Google it and see how many come up.

Chances are that your bank may have one on their website, Thats a good place to start.

Good Luck

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