[HIGHLIGHTS] Retire earlier: How much money you should save and how to do it

Retire earlier: How much money you should save and how to do it. As of: February 14, 2024, 9:27 a.m By: Lisa Mayerhofer CommentsPressSplit Many people want to retire early, but it often comes with financial restrictions.

For every month you retire earlier, 0.3 percent is deducted from your original pension payment. But how much should you actually save for old age? The widely accepted rule is that you should set aside 10 to 15 percent of your income each month for retirement.