How Can I Plan For Retirement? 
To start planning for retirement , you should begin to think of how you will generate the income that you have now once you are in retirement . To do this , you simply determine what amount of money will be needed when you retire to generate the income that you now earn . You can then calculate the amount of money you will need to save accumulate this sum of money by the time you wish to retire . There are other quicker rules of thumb like saving 15 % of your income , but you should be careful not to fall into a false sense of security about how well retirement will work out simply by savings a certain amount determined by a broad rule of thumb . 