Retirement Benefit Gap
On average, your CalSTRS retirement benefit will replace how much of your working salary?
|55 to 60 percent||75||42%|
|65 to 70 percent||32||18%|
|75 to 80 percent||46||26%|
|85 to 90 percent||25||14%|
|Total number of votes:||178||100%|
The correct answer is “55 to 60 percent.”
Financial planners recommend replacing 80 to 90 percent of your working salary to maintain your current standard of living. Depending on your lifestyle, you’ll need to set a realistic goal that works for you.
The difference between the replacement goal you’ve set for yourself and what your CalSTRS benefit will actually replace is known as your retirement gap.
Learn more about the gap and ways to fill it by watching our short four-minute video, The Gap.
|55 to 60%||42.1%|
|65 to 70%||18.0%|
|75 to 80%||25.8%|
|85 to 90%||14.0%|