Tag: retirement age
The brief’s key findings are: Recent estimates suggest that people need about 80 percent of their pre-retirement income in retirement. The saving rate needed to hit this target depends on earnings, saving start age, retirement age, and asset returns. An average earner who starts saving at 35 and retires at 67 needs to save 18…
The brief’s key findings are: Most state-local pension plans are designed to provide adequate retirement income for full-career workers. However, the vast majority of state-local workers spend only a portion of their career in the public sector. As a result, most households with state-local employment retire with total replacement rates that fall well short of…
