At some point, you will have to ask an important question, “I much do I need to retire?”
There are actually several rules of thumb when it comes to saving for retirement. The most common, though, is somewhere near $1 million. Other experts suggest that you’ll 80% to 90% of your pre-retirement income or 12 times your salary before retiring.
What’s the best option for you? How will you know when you’re on the right path?