To adequately meet required income needs in retirement it is generally accepted that people will need approximately what percentage of their pre-retirement income?

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The generally accepted percentage for required income needs in retirement is 60 to 70 per cent of pre-retirement income. This takes into account factors such as lower taxes and reduced expenses, but also considers the potential for increased healthcare costs. While some individuals may require more or less based on their specific circumstances and retirement goals, this percentage is a good benchmark for planning purposes.

To Adequately Meet Required Income Needs in Retirement It Is