How Much Should You Save for Retirement? The 15% Rule Explained

Figuring out how much to save for retirement is one of the most common questions people have, and the answer depends on more than just your employer match. In this episode, Ryan responds to a listener named Taylor who has a strong 15.5% employer match and wonders if that alone is enough. Ryan uses the 15% savings rule of thumb as a starting point and explains what it assumes and where it breaks down.The key insight is that under-saving does not just slow you down, it works against you twice: you accumulate less and also spend more years without the asset base you need. Ryan walks through how to adjust the 15% target based on your retirement age, desired lifestyle, and income replacement goals. The episode also explains the difference between simply accumulating wealth and having an actual plan to access it in retirement.Find "Your Fiscal Physical" the book on AmazonIf you have suggestions or feedback, please email us at: [email protected], as always, Stay the Course!