There's no universally correct answer. Be skeptical of rules of thumb that say you need, for example, 80% of your pre-retirement income to live in retirement. One-size-fits-all guidance like that is pretty useless because everyone is different. The correct answer for you will depend on when you plan to retire, what you plan to do in retirement (and the price tag), how long you think you'll live, your other resources (investments, Social Security, pension, etc), married or not and spousal resources, and so on.
The best thing for you to do is find a (genuine) financial planner who can help you think through the implications, analyze your financial picture, and run projections. Look for a planner who specializes in retirement matters and retirement income strategies…one you can hire on a fee-only basis instead of one who’ll be compensated by selling you financial products. Here are a couple of places you can search online:
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