How much to save for retirement?

Oh, this is tough to say as usually u need a calculation based on certain numbers that u can give like your ideal retirement lifestyle, etc. to project. Then from there u work backwards to see how much u need to save each year.

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Then still have to consider if u don any kind of investment or sth that will at least earn u more than 0%.

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If u are open, can contact me to have a small chit chat on me.

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Otherwise, all the best!

Save at least 50% of your take home pay.

From there, channel enough emergency funds for 6-12 months or your preference. After that invest all for retirement.

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Build your asset as fast as possible and let time compund the returns. Then you have more options.

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I heard from a podcast by Motley Fool before that a simple rule of thumb on the amount of income to be allocated to savings or investments should be your age divided by 2. So say you are 40yo, it should be 20%.

Assuming a couple retiring at 60, leading a normal lifestyle, no fancy n far holiday each year, you need at least $500k given current inflation rate. Provided u must also have enough insurance coverage.