Polynuclear

Figuring out roughly how much I need to save for retirement enabled me to donate 30% of my gross salary this year, but I'm not sure I can keep this up or increase the amount. What percentage of your gross income do you save for retirement each year? Where do you invest this money? What is the amount of money you want to have in savings when you retire and how did you determine that? When do you plan to retire?

Thanks for making this excellent point: If you're still young enough, you don't need to save more money for retirement than you currently spend on yourself. However, this is probably ignoring the cost of healthcare, which is currently covered by your employer. Have you considered that, too?

Index funds is what I was expected, thanks for confirming this.