To provide the inflation-adjusted retirement income you desire, you will need to save 26.9% of your yearly income (less any employer match, if applicable). This year, for example, the amount would be $18,796 or $1,566 a month.
If you wait just one year to start saving for retirement you will need to save 29.7% of your annual income, which amounts to $20,775 in the first year. Save Now and Save Less!!!
(From www.financialcalculators.com. Too bad I can't copy the chart here - it's really impressive, like a huge blue wave of money that needs earning and saving!)
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