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Good luck! (fedia.io)

submitted 8 months ago by [email protected] to c/[email protected]

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[–] [email protected] 0 points 8 months ago (1 children)

It pays the state pension which is good for a tiny fraction of retirement.

[–] [email protected] 2 points 8 months ago

Depends what your spending is like. Someone who earns like 30K/year should get about 65% of their earning if they retire at 65. You'd have to save like another $1500/year (including company matches) to make up the difference.

If I kept working til I was like 70 and my pay only keeps up with inflation, I'd get about 130% of my spending via social security.