Some excellent resources on how much to save for retirement:
- The Center for Retirement Research at Boston College recently published an analysis of how much Americans need to save in order to be able to maintain a reasonable lifestyle in retirement. Published in November 2011, the report is titled “How Much to Save for a Secure Retirement.”
- Geoff Considine offers some helpful comments on the CRR report here.
- I’ve mentioned it multiple times before, but don’t forget Wade Pfau’s important paper, Safe Savings Rates: A New Approach to Retirement Planning over the Life Cycle. Wade blogs about this subject here.
- Wade has another excellent piece worth examining in this context: Getting on Track for a Sustainable Retirement: A Reality Check on Savings and Work. I also recommend his Withdrawal Rates, Savings Rates, and Valuation-Based Asset Allocation.