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Determining how big of a nest egg you will need to generate enough retirement income is the most commonly asked question when it comes to retirement planning. There are many rules of thumb to calculating your retirement number. I have read articles that say to calculate your retirement account size, simply take 80% of your current income and multiply it by 25. These basic retirement goal calculations are OK, because it gives you a goal to target. However, I will give you a more targeted 6 step approach to calculating your nest egg and better set your retirement goals.