How much money will you need to save for retirement? - MoneySense

How much money will you need to save for retirement?

We’ve calculated how much you will need to save on an ongoing basis to reach your retirement goals.

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Are you saving enough? The ‘Steady Eddy’ approach shows someone who starts contributing for retirement as a young adult. The mortgage-first approach shows how much you’d need to save if you focused on your mortgage paydown until your 40s, then saved 20% of your salary. All amounts are in current dollars.

howmuchwillyouneedtosave

Read the full article, What’s your magic number?

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