What Percentage Of My Income Should I Save For Retirement? 
What percentage of your income that you should save for retirement depends on your retirement income objective . In Canada the maximum you can contribute to you Registered Retirement Savings Plan is 18 % of your previous years income . In 2014 the limit is $ 24,270 and in 2015 it is $ 24,930 . That is the maximum contribution you can deduct , how much you should save in total is based on you individual objectives . If you have further questions please do not hesitate to ask . Additional information on retirement planning is available at www.retirementplanningchecklist.ca 