Reaching your retirement tough, especially with inflation, low-interest rates and longevity.
The amount that we are saving might not be sufficient for us to retire at the age we feel we should be retiring.

Assuming you make the income as per below.
Assuming you save 20% of your monthly income, and there is no inflation.

Age Monthly Income Annual Savings 20 - 24 $2,000 $4,800 25 - 39 $2,500 $6,000 30 - 34 $3,000 $7,200 35 - 39 $3,500 $8,400 40 - 44 $4,000 $9,600 45 - 49 $4,500 $10,800 50 - 54 $5,000 $12,000 55 - 59 $5,500 $13,200 60 - 64 $6,000 $14,400
When you reached age 65, you would have saved $216,000 in total.
Below is the retirement income you can get depending on how long you think you can live.
Live Till Retirement Years Monthly Income 95 30 $1,200 90 25 $1,440 85 20 $1,800 80 15 $2,400 75 10 $3,600...