I live in Denmark. Most people will automatically receive three sorts of retirement incomes. There's the state pension which is universal (you will receive 12.500 dollars pre-tax annually, which can be almost doubled if you satisfy requirements such as having no other income or being single), then there's the ATP which depends on how long you worked for (every full-time employee pays about 15 dollars per month and their employer adds 30 dollars into the same fund), and then there's regular workplace pensions which both you and your employer contributes to. Typically, you get 12 % of your salary put into a pension fund, of which you yourself pay 1/3, and your employer again pays the rest (so, about 4 % of your salary is actually taken from you and put into your pension).
Considering all that, I am wondering how this fits into the general US-based advice given on this site with respect to retirement saving. In particular, I've read that one should be saving 10-20 % of one's income for retirement. I'm guessing that no longer applies for me, but what does then? Should I still be saving at all? And if yes, what percentage should I be aiming for at a minimum?
It's probably worth adding that I pay about 38 % in income tax, ignoring deductibles. VAT is also quite high at 25 %. On the other hand, I have never had to worry about health care, education, and social services.
By saving, I here mean only saving for retirement. I naturally plan other kinds of savings for emergency situations, buying a house and car, etc.