Publications

Center for
Retirement Research
at Boston College
Hovey House
140 Commonwealth
Chestnut Hill
MA 02467-3808

617-552-1762 TEL
617-552-0191 FAX
crr@bc.edu

Briefs

Briefs offer concise and insightful analyses of topical issues.

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How Much to Save for a Secure Retirement

by Alicia H. Munnell, Francesca Golub-Sass, and Anthony Webb

November 2011

IB#11-13

Introduction

One of the major challenges facing Americans today is how to prepare for a secure retirement. While market ups and downs are unpredictable, people do have control over work and saving decisions that can significantly improve their retirement prospects. This brief uses a simple model to estimate what percent of earnings an individual must save to ensure a financially secure retirement depending on he starts saving, he retires, and how he invests his retirement savings...

For full brief

Alicia H. Munnell is the director of the Center for Retirement Research at Boston College (CRR) and the Peter F. Drucker Professor of Management Sciences at Boston College’s Carroll School of Management. Francesca Golub-Sass is a research associate at the CRR. Anthony Webb is a research economist at the CRR.

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