40. Safe Savings Rates
Welcome to Episode 40 of Retire Me.
A listener asks a question - what is a reasonable savings rate for a person saving for retirement?
I talk about some research from Wade Pfau into something called Safe Savings Rates.
Wade performed this research to figure out what percentage of income a pre-retiree would need to save for 30 years to afford a 50% income replacement rate for a 30 year retirement using worst case historical scenarios.
I discuss the usefulness of the research and its limitations.
You can find my show notes on my blog and a video of this podcast on by blog as well as YouTube (Search for Mark Walhout and subscribe!)
Thanks for listening!
Mark