How much of your income should you save for retirement?

+1 vote
asked Dec 17, 2017 in Investing by odechamois (310 points)
How much of your income should you save for retirement?

What percentage of your income should you put into retirement each month or year?

1 Answer

0 votes
answered Dec 19, 2017 by Jodie (35,100 points)
If possible you should put away 20 percent of your monthly income into retirement.

Of course more is better if you can manage it but you should save a minimum of 20 percent of your monthly salary to put towards your retirement savings.

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