How Much Replacement Income Will You Need in Retirement? It's Complicated.
One of the trickiest aspects of setting money aside for retirement is figuring out how much to save. Some people will tell you that if you part with 10% of your salary year after year, you're good. Others will tell you that 15% to 20% of your income is more appropriate.
In the course of building your nest egg, it's important to think about replacement income -- meaning, what percentage of your salary today will you need to get by as a retiree? It's a hard number to narrow down.
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Source Fool.com
