The Most Important IRA Chart You'll Ever See

Figuring out how to pay for retirement is something millions of people stress over every day. This is especially true for those who won't be counting on a significant amount of income from a pension plan. The good news is, IRAs are a wonderful tool that almost anyone can use to build up their retirement nest egg.

The catch? Knowing exactly how much money you'll need to have saved in order to generate the amount of income you'll expect to have. However, there's a simple formula that can help you start determining exactly how much you should have in your IRA, 401(k), and other accounts when you are ready to retire.

Image source: Getty Images.

Source: Fool.com