Are You Saving Enough For Retirement?

One of the most vexing and controversial questions in planning for a financially secure retirement has to do with how much to save during your working years to maintain your standard of living in retirement. Fortunately, most retirees can live just as well on less than they made while they were working. Various studies suggest income "replacement rates" (typically defined as a percentage of your final working year's salary that would be required to maintain your standard of living) in the 60% to 80% range, with some advisors suggesting full replacement.

Are You Saving Enough For Retirement?
Source: Morningstar