For years, many advisers have used a rule of thumb that clients, in order to maintain their standard of living in retirement, should invest enough money so that as retirees they can count on receiving for the rest of their lives an income equivalent to about 80% to 85% of pre-retirement income.
Some retirement tools even use a replacement rate of 100% of pre-retirement income as a default goal.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access