Achieving a comfortable retirement is a big task. How do you prepare for 25 years –a typical retirement horizon– of life without earnings from employment? How much savings do you need before you can retire? How much will you be able to spend every year in retirement? Just like anything hard to achieve, your best bet at a comfortable retirement is to make a plan and work consistently towards it.
This post gives you some tips and guidelines to get you started. Whether you are just starting your career or are nearing retirement, even a few simple steps today can go a long way to put you on the right track.