By: First Bank Wealth Management If so, you are not alone. A recent survey found that saving enough for a comfortable retirement is the top source of financial stress, even for Millennials. Worries about retirement surpassed concerns about job security and paying off credit card debt. Significant sources of financial stress (Total) Source: Charles Schwab How much do I need to save for retirement? One rule of thumb suggests you need approximately 80% of your pre-retirement income in retirement. Another classic is the “4% Rule” which essentially says you should aim to withdraw 4% of your portfolio value. Rather than rely on generic advice, the answer should depend on what retirement will look like for you. Are you planning on staying in your current home or downsizing to a smaller home? Moving to a 0% income tax state such as Florida or Washington? Do you plan to travel the world or stay at home working on your garden? What other sources of income will you have in retirement? All ...