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How much money should I save in order to be able to retire at the age of 65?
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The amount of money you need to save for retirement will depend on a variety of factors, including your current age and lifestyle. However, according to the National Retirement Planning Coalition (NRPC), an estimated 80% of people who are currently working have less than $250,000 saved for retirement. Therefore, if you want to retire comfortably, it is recommended that you start saving as early as possible and aim to save around 10-15% of your income each month.