Saving for retirement: How much is enough?
Posted on 08 January 2010
By Mark Miller
Permanent URL of this article: http://retirementrevised.com/money/saving-for-retirement-how-much-is-enough
CBS MoneyWatch.com contributor Charlie Farrell offers up a simple ratio for gauging whether you’re saving enough for retirement: a capital-to-income ratio. At a 2-to-1 ratio, he argues, the power of compound interest can take you to a reasonable goal for a secure retirement.
The formula comes from Farrell’s book, Your Money Ratios: 8 Simple Tools for Financial Security (Avery, 2009).
In this video, Farrell discusses the capital-to-income ratio with MoneyWatch Editor-in-Chief Eric Schurenberg.
January 11th, 2010 at 5:57 pm
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