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Investing Specialists

Digging Into the 80% Rule for Income Replacement in Retirement

Consider these swing factors to create a customized income-replacement rate.


Note: This article is part of Morningstar's November 2013 Investor Starter Kit special report. An earlier version of this article appeared Sept. 10, 2012.

For years, the financial-services industry has drilled the "80% rule" into pre-retirees' heads, suggesting that they'll need to replace 80% of their pre-retirement income when they retire.

Christine Benz does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.