How Much Do You Need To Save For Retirement?

The answer to this question depends on several factors, including: 1) How long you have between now and when you need the money (your time horizon), 2) how much money will you need to live the life you want to live, and 3) how much risk are you willing to take in your investments in order to get there? For most people, less than 10% of your annual income is not going to be enough to make you financially independent. That’s why it’s important to get started saving and investing for your future as soon as possible.