The need to save for retirement is accompanied by plenty of hints. Ads like ING's from a few years ago have neighbors toting around large orange numbers, or simply the word "gazillion" to demonstrate what they thought that their retirement numbers needed to be. Popular authors and academics like Lee Eisenberg, author of The Number, discussed what you'd need in retirement, while in-depth research from William Bengen came out with the 4 percent drawdown as well as, more recently, Wade Pfau's research arguing that even a 4 percent withdrawal rate in retirement might be too risky. ...
Source: http://news.yahoo.com/italys-monti-turns-down-berlusconi-offer-run-111315555.html
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