Originally Posted by
deanac24
This is something that is on everyone's mind...retirement. So how much is enough for you to retire on? 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.
That sounds reasonable, but there are things to take into consideration.
Like if a mortgage is paid off by retirement, you'd need a lot less. I think
this would be different for everyone's case.