How To Figure Out How Much To Save For Retirement? 
There are a number of sites that provide calculators to help you determine how much you need to save each year to accumulate a specific sum of money for retirement . Will you need 70 % of your preretirement income ? More than 70 % . ? The first step is to define what a successful retirement means to you and then set a date . Then you can determine what it wil cost cost to finance your retirement , starting with a budget . Working with a financial or retirement planner would be best , however , a site calculator gives you a the idea . . On my website www.jpw.ca you will find a Retirement Planning Checklist avaialble as a resource . If you have further questions , or fell that I could be of assistance , please do not hesitate to contact me . 