This is how much you need to save each month for a comfortable retirement

“This Is How Much You Need to Save Each Month for a comfortable retirement”

How to compensate for the drop in income linked to the departure &at retirement ? For this, it is better to have been provident.

When the time comes to say goodbye to the world of work (and even before), the question of one's future standard of living arises. The pensions paid by the State and the supplementary fund do not allow one to reach the same level as the last salary. At a minimum, the retiree sees his income drop by 20%. But the situation can be very different depending on careers and life paths. So, how can one live decently when one is retired??

Since each situation is different and unique to each person, there is no ready-made answer. However, if certain tips are applied throughout one's professional life, it is possible to enjoy a comfortable retirement. This involves applying a particular rule.

While it may not be easy to know how to start, some people recommend first applying the 15% rule, as far as possible: putting 15% of your annual income into a savings account each year. While it may seem appealing on paper, the practice is actually more complex since it varies according to the salaries each person earns. An employee earning €1,500 per month will have more difficulty putting aside €225. every month compared to a manager earning double that, who, if he cannot save 450 euros, should be able to transfer 5 to 10% into a savings account.

300 euros is the average amount that should be tried to be saved every month to ensure a comfortable retirement. While it may be difficult to extract so much money from your budget in the first few years, career advancement or various bonuses can help increase your monthly savings and reach this average. With 43 years of work, this gives you a nice nest egg of €155,000. This allows you to supplement your retirement by around €650 per month for 20 years. A mattress that can even be a little thicker thanks to the interest rates of the savings accounts in which the money is placed.

Of course, this is just theory. Not all salary levels allow for this kind of savings discipline, and the money set aside is also used to finance children's studies, go on vacation or face unforeseen circumstances. In any case, it is better to plan ahead as early as possible and save as soon as the opportunity arises.