Most Americans need to save more to assure a financially secure retirement.

But many people struggle with key retirement questions like “how much do I need to save?”

You should save 22 times the annual income you want to have in retirement.

For example, if you want $100,000 in annual income (not including Social Security), then you need to have $2.2 million in total retirement savings.
(22 x $100,000 = $2.2 million)

See this recent article in the Wall Street Journal on how researchers arrived at this magic number of 22.