Here’s a tantalizing prospect: Suppose you really do have enough money to retire. That’s not the message we usually get from downbeat commentators, but it’s the refreshing perspective senior editor Jane Bennett Clark offers in How Much You Really
Need to Retire. Jane points out, for example, that retirement planners generally recommend that you have enough savings at the end of your working life to replace 70% to 85% of preretirement income—and sometimes even more. But your biggest spending years are when you’re raising kids. Depending on your lifestyle preferences in retirement, “you might get along just fine with 60% of your preretirement income,” Jane writes.
