[stella7]

You may know that if you want to live comfortably in retirement you have to save for it, whether it's through personal investments, company-sponsored retirement savings plans, or both. But what you may not know is how much you need to save. The rule of thumb is that you'll need 70-80 percent of your pre-retirement income on an annual basis. That means if you're making $50,000 when you retire, you'll need an income of at least $35,000-$40,000 every year after you retire.