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How to fill the gap: Maintain your standard of living in retirement

It's important to consider how much of your working salary you'll need in retirement. On average the CalSTRS' Defined Benefit replaces 50 to 60% of an educator's salary, yet financial planners recommend replacing 80 to 90% of your salary to maintain your current standard of living.

The difference between the amount of money your CalSTRS monthly retirement benefit will provide and and the amount you'll need in retirement is known as "The Gap." It's important to set realistic savings goals and take steps today so you'll be able to meet your income needs in retirement.

You can bridge the gap through supplemental savings, purchasing service credit and working longer.

Learn more about closing the gap in the CalSTRS Member Handbook.

Learn more about supplemental savings plan Pension2.