Yikes, to retire at about age 62 with savings that will allow me to retire on my current income I'll need to save about 30% of my gross salary. OUCH
That doesn't factor into account savings, pension plans or government benefits. Still. Its going to be a scary number. A number I really need to calculate.
First task though, set up a savings account so I can start squirrelling extra money away.
Off to research banks.
30% a month to retire with my current income
June 9th, 2006 at 12:07 am