This ‘25X' Retirement Rule Is A Mess [Forbes]
Liberty All-Star Equity Fund (USA)
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Source: Forbes
That goes double when you use these overly broad guidelines for the most important decision you can make: planning for your financial future. Consider a recent article by Bankrate telling retirees to follow the “rule of 25,” which is as simple as it is deceptive. This piece tells us that you “should have 25 times the annual amount you plan to spend in retirement saved before you leave the workforce.” That's a lot of money! Take a look at the table below to match up how much you plan to spend in retirement (to make things easier, we'll set inflation aside and use today's dollars) with how much you'd need to save. 25x Retirement Rule Now let's say that you're earning $100,000 a year and save 20% (much more than the average American) to get to retirement quickly. At that rate, assuming the 8.5% historical return in stocks continues, it's going to take you a bit over 29 years to clock out. If you're young, that surely sounds like a long time, and if you're older, you might think
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