How Much to Save for a Secure Retirement

Source: Alicia H. Munnell, Francesca Golub-Sass, and Anthony Webb, Center for Retirement Research at Boston College, IB#11-13, November 2011

From the abstract:
One of the major challenges facing Americans today is how to prepare for a secure retirement. While market ups and downs are unpredictable, people 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 he starts saving, he retires, and how he invests his retirement saving

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