EBRI on retirement

From CNNMoney.com "Have less than $25K in savings? Get in line"


Employee Benefit Research Institute (EBRI) estimated that all, but the lowest earning men, should have saving at least 12X their income when they retire. That's $1,200,000 for a man earning $100,000. A woman, because of higher life expectancies, should have 14X.

Your nest egg, combine with your Social Security benefits (and pension benefits if you have them) should be large enough to generate at least 70% to 80% of your pre-retirement income.