Here’s how much you need to save every month to earn $80,000, $90,000 and $100,000 per year in interest for retirement

While the thought of funding your retirement adequately might be daunting, if you start planning now, you’ll certainly be thankful later. It’s never too early to start thinking about retirement and it might not be as difficult as you think.

Retirement usually entails replacing your annual salary from a workplace with other income sources to maintain your current lifestyle. While Social Security may cover part of your budget, there are understandably reasons to be concerned about how much you could receive from Social Security by the time you retire. The rest of your money will most likely need to come from your savings and investments.