Many people use a general rule of thumb that you’ll need 80% of your pre-retirement annual income to maintain your lifestyle in retirement. While that’s a good starting point, it doesn’t account for individual circumstances that can drastically change how much you actually need to save. For example, if you plan to travel extensively after retiring or have a chronic health condition that requires ongoing out-of-pocket care, you may need 100% or more of your pre-retirement income. If you’ve paid off your , Editorial Director · last reviewed 2026-06-30. All content meets our
✅ Last reviewed by FinanceHub Editorial Team: 2026-07-01