How Much to Save for a Secure Retirement
One of the major challenges facing Americans today is how to prepare for a secure retirement. While market ups and downs are unpredictable, peole do have control over work and saving decisions that can significantly improve their retirement prospects. This brief uses a simple model to estimate what percent of earnings an individual must save to ensure a financially secure retirement depending on when he starts saving, when he retires, and how he invests his retirement savings.
Year of publication: |
2011-11
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Authors: | Munnell, Alicia H. ; Webb, Anthony ; Golub-Sass, Francesca |
Institutions: | Center for Retirement Research (CRR), Boston College |
Saved in:
freely available
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