NewbieHow much is sufficient for retirement?
How do you estimate the amount for retirement? Always have this question if it's too little or too much
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According to this study (https://www.fullertonfund.com/documents/insights/Rethinking_Retirement.pdf), Singaporeans target $1.4 million for their retirement on average.
But honestly, $1.4 million is too overwhelming for me to deal with right now, so I'm aiming for 10 times my annual income for my retirement nest egg as of now. It's apparently a good rule of thumb to follow: https://www.fidelity.com/viewpoints/retirement/how-much-do-i-need-to-retire