Retirement Planning

Income Replacement in Retirement

May 23, 2019
To know how much to save, it’s helpful to have a target for what you might spend during your retirement years.

Key Points

  • A guideline for retirees is to plan to replace about 75% of your preretirement income.
  • Many investors will fund their retirement through personal savings and Social Security benefits.
  • In addition to income and marital status, there are other factors to consider that may impact your income replacement rate.