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Like most rules of thumb, the "save 10 percent of your salary for retIRAment" doesn't get into details. It's not a formula based on an underlying economic truth. It's really just one of those bromides that's been repeated so often that it's taken on a life of its own.

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11y ago

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What is the average amount per year that people save for retIRAment?

Saving for retIRAment is always important. Here is a link to some information on how to save for retIRAment: http://ezinearticles.com/?How-to-Save-Money-for-RetIRAment&id=42791. As for how much you should save, check out this link: http://moneyfor20s.about.com/od/savingmoney/f/howmuchsave.htm.


I am already retired and need to know how much to save?

I only get ssa checks but want to save a little each month. What is the percentage a person should save after they have retired.


How much do you save a month to save 20000 a year?

20000 / 12 = 1666.67


How much would you say is a good amount of money to save each month?

You should save enough so that eventually you have 8 months' salary in a savings account.


Beth saveed 5425 in five months each month she saved twice as much as she had the month before How much did she save in the second month?

Beth saveed 5425 in five months each month she saved twice as much as she had the month before How much did she save in the second month Add 5425 together, or multiply 5425 by 2. You will have the answer you seek!


How much should a twenty year old save?

It really depends on how much your income is per month. Generally, it is a good idea to save as much as you can afford, even if it is little. And you'll have to resist those temptations of spending your savings when it grows!


How much do you save a month to save 12000 in a year?

1200 dollar a month 600 dollar bi-weekly 300 dollar a week


How much money should an average household save each month?

This definitely depends on where you live. I would say, however, around $200.


How much do Americans save per month?

According to the 2009 US Statistical Survey, American households save $243.65 per month. Source: Wikipedia Org.


How much money did you save by switching to geico?

Most people save around 200-300dollars per month.


How much does the average American save per month?

The average American saves around 500 per month.


What advice can you give someone who wants to save more money?

You can go to your local bank who has financial planners who can take a look at your situation and assess what your next steps should be, such as how much you should save per month and which bank account types suit you the most.