How Do I Know How Much To Save For Retirement? 
In order to determine how much you need to save for retirement , you first need to define what a successful retirement means to you . The next step is to do a budget to determine what is needed to finance your desired lifestyle . This is a better approach than simply randomly choosing a % of your current income . There are calculators available on many websites to help you determine how much you will need to save to generate a specific retirement income . Given the complexity of retirement planning though , you would be best served working with a financial or retirement planner . There are resources and additional information on Retirement Planning on my website , www.jpw.ca . It includes a Retirement Planning Checklist that will save you time and money . If you have any further questions , or feel that I could be of assistance , please do not hesitate to contact me . 