No. of Recommendations: 3
Some frightening numbers from the Wall Street Journal.

How much to save for retirement?

Table 2. Saving Rate Required for a Medium Earner to Attain an 80% Replacement Rate with a Starting Age of 35, by Rate of Return
Retire at: Real Rate of Return
age 2% 4% 6%
62 46% 35% 26%
65 32% 24% 17%
67 26% 18% 13%
70 16% 11% 7%


I'm glad I got out when the getting was good.

I started saving 25% of my gross salary at age 25, and slowly ramped that up to 50% of gross in the last few years before I retired in 1994 at age 38. I enjoyed a 15% nominal return during a period when inflation averaged 4%, so that's an 11% real return.

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