"...How do you determine how much money you will need in retirement?
A person who wants to travel and has a large "bucket list" will need more money than one who has simpler needs.
There are many schools of thought about how much money is necessary, but two of them bear special mention.
The 80% Rule is a good guideline for those a long way from retiring who want to, at a minimum, retain the standard of living they had before retirement.
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