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Retirement
How much is enough to save for Retirement?
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[QUOTE="Alexandoy, post: 221329, member: 25510"] When I was nearing retirement my computation was based on the standard of living during that time. With the prediction that I would live for 20 more years at least after retirement then I need to save the amount equivalent to 240 months of my personal expenses. I did not include the rental because we already have our own home although I had to add the miscellaneous like the car expenses and the purchase of new appliances. That is our appliances today will not last for 10 years or so. Anyway, I was only able to save an amount for about 8 years after my retirement. That is just fine because I was eligible for a pension which I am getting now at $100 per month. That is pretty good for small expenses so my savings have some spare change after the monthly overhead. You also have to take note of your assets like if you have stocks that can earn or maybe crypto although I am not keen on crypto. When you have money in the bank the best benefit is the peace of mind that I will not get hungry in the years to come. [/QUOTE]
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How much is enough to save for Retirement?
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