how do we invest for retirement

first of all, there is no specific age for retirement. as far as you are fit to work, physically or mentally, you can work as old age as you can. the best retirement livinghood is your work for your passion, not for money.

anyway there is a layman way to monetise your retirement, which is, you should have saved around 20times of your current annual income, how to save it, depends on your plan.

for your to have enough retirement fund, the 20times of annual income, based on a 5% yield, you will get your annual income payout every year after you retire.

is it too much? well, it depends on how you plan it.

there are two ways to achieve your retirement savings. first one is most important, which is investing in long term growth stock, for example, Apple share price growth rate was over 20% in last 10yrs. if you invest 5% of your salary per year, you will get 160% of retiremnt fund in 10yrs, but if stay for 20yrs, it becomes 1125%, 11x of your salary. so if this is not enough for your retirement, then increase your saving to 10%, or even more. it depends on how eager you want your money work for you.

the 2nd method, is act as insurance: invest in high and consistent dividend stock.

at certain time, the yield can be more than 15%. that is based on your wise judgemnt.

i could have illustrate more bur due to variables constraint, and more importantly, human greed in nature, i would advise to stay focus, aim lower return (instead of 15 to 22, aim 8 to 12% per year), and invest more capital if the desire time frame is nor enough. never think you will get a share provides you 100x in 2 years, it seems strike a lottery is easier. retirement investment need consistency but not exuberance.

overall, i still think invest in stock market is the most tempted way to retire