Because people with higher incomes will receive a smaller portion of their Social Security income when they retire, they generally need more assets relative to their income. A great way to supplement retirement savings is to consider a Physical Gold IRA rollover. We estimate that most people who want to retire around the age of 65 should aim for assets that amount to between seven and 13 and a half times their gross pre-retirement income. A common guideline is that you should try to replace 70% of your annual pre-retirement income.
This is what the calculator uses by default. You can replace your pre-retirement income with a combination of savings, investments, Social Security, and any other source of income (part-time work, pension, rental income, etc.) The Social Security Administration website has several calculators that help you estimate your benefits.