"Figuring out how much to save every month so that you're financially secure when it comes time to retire is complicated. In fact, according to the Motley Fool, a majority of Americans say they don't even know how much they will need when they retire, much less how much they'll need to gradually save to achieve that magic number."
"After that first year, the amount you take out can increase to keep up with the rate of inflation. Ideally, you should withdraw less than 4 percent if possible, but it's a good ballpark estimate."
Source:
https://www.foxbusiness.com/personal-finance/retirement-calculator-savings-money
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