While it's good to focus your retirement planning efforts on simply saving up as much as you can, you should also have an idea of what is a good goal. But with so many variables, how can you know what that target should be?
Here are a few methods for doing so. Find the right one by understanding how they each work.
Percentage Method
The percentage method takes your retirement savings and multiplies it by a certain percentage that you could take out each year.
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