How Much Money Do I Need To Begin Investing | Penny Stocks
There are few things in life that are of greater importance than saving for retirement. We've asked the experts for the answers to some frequently asked questions about retirement planning that can help you get on the right track for a successful retirement.
How much money do I need to retire?
The answer varies from person to person. How much you need depends on what you think your expenses will be to maintain your current quality of life, or to meet other retirement goals such as travel. Many planners say that, on average, you will need75 percent of your income prior to retirementto maintain your lifestyle. Others recommend that youadd up your yearly expenses and then multiply those by 30(an average retirement) to get an idea of how much you will need.
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