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<blockquote data-quote="Illini92and96" data-source="post: 1687175" data-attributes="member: 746827"><p>Newmark, best thing is to keep reading and talk to a financial advisor or someone else to keep learning. Some advisors will give you a free session in hopes of you being a client later on. Although it has its flaws, you can use the 4% rule or the 3% rule as a very rough proxy for how much you will need (sticking my thumb in the air). As far as how much you need to make, it's tied to how much of your gross income do you save and would you need in retirement. 20% would be an aggressive saver from what I have been told. It's more important to save and invest it in the general market and real estate then get too worried about exactly what you are invested in or trying to beat the market. If times are good and you are invested you will do fine. Focus on saving at a young age if you can and let your investments compound over time.</p><p></p><p>Play around with the the fidelity retirement score at the bottom of this link. I've found it to be one of the best rough calculators.</p><p></p><p>[URL unfurl="true"]https://www.thebalance.com/what-is-the-4percent-rule-in-retirement-2388273[/URL]</p></blockquote><p></p>
[QUOTE="Illini92and96, post: 1687175, member: 746827"] Newmark, best thing is to keep reading and talk to a financial advisor or someone else to keep learning. Some advisors will give you a free session in hopes of you being a client later on. Although it has its flaws, you can use the 4% rule or the 3% rule as a very rough proxy for how much you will need (sticking my thumb in the air). As far as how much you need to make, it's tied to how much of your gross income do you save and would you need in retirement. 20% would be an aggressive saver from what I have been told. It's more important to save and invest it in the general market and real estate then get too worried about exactly what you are invested in or trying to beat the market. If times are good and you are invested you will do fine. Focus on saving at a young age if you can and let your investments compound over time. Play around with the the fidelity retirement score at the bottom of this link. I've found it to be one of the best rough calculators. [URL unfurl="true"]https://www.thebalance.com/what-is-the-4percent-rule-in-retirement-2388273[/URL] [/QUOTE]
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