What is considered a lot of money for retirement?

This is a difficult question because it depends on many factors, such as annual pre-retirement income, expenses, and retirement goals. This will allow you to cover most of your living expenses and leave some money for leisure activities and travel. Savings benchmarks based on age and salary can serve as a useful way to track progress in relation to saving for retirement. Living your retirement dream the way you want to means saving now and saving enough so you don't have to worry about money in retirement.

The most important factor in determining how much you need to retire is whether you'll have enough money to generate the income you need to maintain the quality of life you want after you retire.