The answer on this question is not easy. It depends on the business application and the requirements. There are few thing that you should know and that help for the first moments. Just in case that you have over thousand(s) of classes that should be loaded (and that is a common value) increase the -X:MaxPermSize to a value that is suitable for your application. The default value is 64MB and is optimal for small applications.
The Java Garabe Collector (GC) is running every time when some of the objects are not more used and have no references to other objects in use. If you have a problem with the performance of your application, please update the value for the heap size. The best is to set the starting heap size and maximum heap size to the same value, so i suggest to use -Xms1024m -Xmx1024m. The first option is for the starting heap size value and the second is for the max heap size value.
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