Opinion | Find out how much you should save to retire comfortably, plan accordingly
If there is a problem, revisit your standard of living or postpone retirement
Retirement calculators are too complex for most people to understand, and this complexity hides the inbuilt optimistic and incorrect assumptions that they make. As a result, people are saving too little for retirement, retiring earlier than their finances allow them to, and overspending during the early years of their retirement. Those looking for a clearer picture should, instead, use one simple formula to figure out how large a corpus they really need for retirement.