RE: A loss of legacy

Saving 10% of gross income seems like a good way to end up in elderly poverty or work until you drop these days, especially with interest at 1% or less. I think as a minimum, saving 25% is a safer bet. For most people that probably means saving a good 50% of their take-home pay, but the good news is that includes things like principle on a mortgage, private work retirement schemes that aren't funded by the government (do you really think those public ones won't be pillaged by the civil service?) and things like good earnings from investments.