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What percent of my salary should I save?
I am pretty sure you could find a number of financial planners whom you could pay to give you a very accurate number, but the rule of thumb I like best is Save a dime of every dollar.  10% (Savings means save for retirement, not vacations.) Here is a nice article from radio personality Clark Howard with some adjustments based on your age: Saving for retirement later in life?  If you're getting started saving for retirement later in life, the   dime out of every dollar rule won't cut it for you. So for you, The   Baltimore Sun has crunched the following numbers: Jayraj has a particularly good and just as simple bit of math. https://money.stackexchange.com/a/30751/91 Your retirement and financial planning should not end with a flat percentage.  In fact, the chances that any simple math formula is adequate are very low.  My percentages (or Jayraj's simple math) are only starting places.  If you are at the point where you are asking "where do I start", starting with this super easy no-brainer approach is great because the key is starting and doing it.