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There is no magic number for the perfect retirement

April 17, 2025
in Trade Tube
Reading Time: 1 min read
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How much you should be putting away for retirement.

Transcript:

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It’s a good question about how much everybody should save. I think it’s an individual sort of experience that we all have to do. A lot of companies will throw out a number like your number is 2 million or 3 million. Those are really high numbers for most folks. Look – I think if people are saving between 7% and 10% of their annual income starting early and they save through their entire work life, I think that will set them up for a better outcome. I would stay away from saying exact dollar amounts, but just think of it as a percentage, right? As you think about, I’m going to spend this much money on, you know, food and housing, et cetera allocate that amount that you’re going to put into your own personal financial wealth building.

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