The amount you need to be saving for retirement depends on various factors. For instance, these include your current age, desired retirement age, expected retirement income, and lifestyle. A common guideline is to aim to save 10-15% of your income, but this may vary depending on your individual circumstances. It’s also helpful to consider the 4% rule. This suggests that you can withdraw 4% of your retirement savings annually without depleting your funds over a 30-year retirement. However, this is just a general guideline, and your actual withdrawal rate may need to be adjusted based on market volatility and your specific financial situation.