How Much Do You Need to Retire?

Good discussion in IBD today about how much savings people need to have for retirement. IBD suggests the “old way of doing this” failed to take into account income and lifestyle; the newer better way looks more closely at other factors (consider me biased, since my firm gets paid to do this).

Regardless, I found this chart interesting:

 

 

Click for ginormous graphic
wmut01table040717

Source: IBD

 

See alsoAre you financially well?

 

 

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