How Much Money Do You Need to Save for Retirement?

One of the reasons I like the 25X rule is because it starts from a budgeting perspective. In short, you want to save 25 times your annual retirement needs.
  1. susan says:

    I’d be interested in hearing how this would apply to 1) someone who’s not going to have a paid-off home at retirement (an increasingly common circumstance) and 2)young people just staring out who would have a hard time trying to project what their expenses could possibly be 40 years in advance.

  2. Katie says:

    I’m wondering how to determine my pre-retirement income if I’m 36 years old and will have roughly 30 more years until retirement. How do I assume what my income will be in 30 years based on career growth, inflation, etc., in order to determine the 25x rule? Or should I base it off of my current income?

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