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>> Key information to how much should I save.

Deciding how much to save is an important choice that will impact your finances today and tomorrow.

Looking toward the future, costs may be higher.

Keep inflation in mind.

[DESCRIPTION: An animated timeline. In 1980, price of milk is 51 cents and the cost of a car is $7,200. In 2020, price of milk is $3.15 and the cost of a car is $37,851. Sources: Price of milk: What Stuff Costs in the 1980s, All Time Lists, April 30, 2018; price of car: Cost of a Car in the Year You Were Born, blog.chron.com, April 19, 2016.]

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A common goal is to have 80% of one's pre-retirement income for each year of retirement.

Social Security and your pension monthly benefits will help you get there, but may not be enough.

Now, let's look at a few hypothetical situations outlining how much income one may receive from different sources in retirement.

Keep in mind that everyone's situation is different.

[DESCRIPTION: A fluctuating pie chart with segments for Social Security, Pension, and Gap.]

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In this example, a mid-career worker who will become vested with 25 years of service and retires at 62 may need to save 6% of their salary to fill their retirement income gap after their social security and pension benefits.

[DESCRIPTION: On screen text. Age 37. Pre-retirement salary $50,000. Annual income needed $40,000. This information has been provided for your benefit and is not intended or designed to be tax advice. Neither Prudential Retirement, nor any of its representatives, may give legal or tax advice. Contribution. 6 percent. Assumed rate of return: 8 percent. Assumes $40,000 in other retirement savings.]

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Next, an early career worker who will become vested after 30 years of service and retires at 52, needs to keep in mind that they won't be eligible for Social Security for another 10 years.

Therefore, this person should consider contributing as much as possible to their account.

[DESCRIPTION: Age 23. Pre-retirement salary $50,000. Annual income needed $40,000. This information has been provided for your benefit and is not intended or designed to be tax advice. Neither Prudential Retirement, nor any of its representatives, may give legal or tax advice.]

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Lastly, a late career worker who is vested with 15 years of service and retires at 65 may need to save 7% of their salary to fill their income gap after their Social Security and pension benefits.

[DESCRIPTION: Age 50. Pre-retirement salary $50,000. Contribution. 7 percent. Assumed rate of return: 8 percent. Assumes $85,000 in other retirement savings.]

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To help determine your appropriate savings amount, try Prudential's Retirement Income Calculator.

It's fast and easy to use.

[DESCRIPTION: View of the Prudential Retirement Income Calculator on a cell phone.]

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Deciding how much to save is a personal choice.

Remember, you can change your contribution rate any time.

The most important thing is to get started today.

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[DESCRIPTION: North Carolina Total Retirement Plans. 401 k. 457. 403 b. Prudential Retirement provides the communications and record keeping services for the N C 401 (k) and N C 457 Plans and the N C 403 (b) Program. With the exception of the N C Stable Value Fund and the N C Fixed Income Fund, the investments offered to you within the N C 401 (k) and N C 457 Plans are not offered by or affiliated with Prudential Financial or any of its companies or businesses. Prudential Retirement is a Prudential Financial business. Participants using the Retirement Income Calculator should consider other assets, income and investments (for example, equity in a home, Social Security benefits, individual retirement plan investments, etcetera) when assessing the adequacy of the estimated income stream as provided by the tool. The Retirement Income Calculator is hypothetical and for illustrative purposes only and is not intended to represent performance of any specific investment, which may fluctuate. There is no assurance that retirement income objectives will be met. It is possible to lose money by investing in securities. Retirement products and services are provided by Prudential Retirement Insurance and Annuity Company (P R I A C), Hartford, Connecticut or its affiliates. P R I A C is a Prudential Financial Company. North Carolina Total Retirement Plans and the North Carolina Total Retirement Plans logo are service marks of the North Carolina Department of State Treasurer. Copyright 2020 Prudential Financial, Incorporated and it related entities. Prudential, the Prudential logo, and the Rock symbol are service marks of Prudential Financial, Incorporated and its related entities, registered in many jurisdictions worldwide. 1034210-00001-00. NO_AN_RE7_01. 07/2020.]