Get well prepared for your retirement!

Picture this: supposing you have worked for 35 years, and by the time you retire (say more or less at 60) you wish to maintain the same living standard for the remaining 35 years (with better medical care and nutrition, the average lifespan will probably be 95 during your retirement), then it is logical that you should have saved at least 1/2 of your salaries from the 35 yrs while at work, for the 35 yrs w/o a job. The moral is that if you don't save 1/2 of your salaries and invest in order to catch up with inflation, you will not be able to maintain your living standard. Some people will thus end up on social security, and some may work till 75. If you save less than 1/2 of your salaries, you need to have good investment skills (if you wish to maintain the same living standard during retirement).