Submitted by mildewey t3_yh66ke in personalfinance
ChiSquare1963 t1_iuf5a1m wrote
Reply to comment by mildewey in But the dip or pay off debt? by mildewey
15% is a frequently recommended guideline for retirement investment, assuming you start in your 20s and plan to retire in your 60s with the same standard of living. Example
If you want to retire early, you need to invest much more. If you got a late start, you need to invest a bit more. If you have defined benefit pension plan, you may be able to invest less. If your employer matches, that match can be part of the 15%.
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