How much should you save for retirement?

In our Facebook Story of the Day, we look at how much a person needs saved up for retirement. / File

In our Facebook story of the day you wanted to know how much you should save for retirement.

FOX 31 spoke to Jerome Davis, an accountant with Country Financial, says you need about $500,000 saved when you decide to retire. Davis said there are multiple ways you can do this, some of these ways are through social security, a pension plan, retirement accounts such as 401k's, 403b's, and IRA's, and through personal saving and investment accounts.

Davis also said the sooner you start saving, the better of you will be in the long run.

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