Everything You Need to Know About Your 401(k) (Are You Losing Money?)
Money Guy Show
00:00
Saving 60 % of Your Working Wages When You Retire
We know that what is probably a acceptable good retirement is if you can replace 60 % of your working wages when you retire, how much would you have to save it both forty, forty five and forty nine? Ah, here's what we came up with, nowsus. Assuming you started at zero at eros age, you can see if you come into your forty years of age, if you save 26 % of your gross income, you're going to be able to replace about 60% of your retirement. Now start to be seeing if you've done it right, if things are starting to jell, you should begin thinking like, ok, this thing is attainable. This
Play episode from 01:08:04
Transcript
