How Much Should You Save for Retirement?

$40K/yr need: $1,000,000 target
$60K/yr need: $1,500,000 target
$80K/yr need: $2,000,000 target
$100K/yr need: $2,500,000 target

Retirement income targets, the 4% rule, and a savings gap calculator

The 4% rule: withdraw 4% of your portfolio in year one, then adjust for inflation. To generate $80,000/year, you need $80,000 / 0.04 = $2,000,000 saved. Most planners recommend replacing 70-85% of pre-retirement income.