![]() ![]() Our savings factors are based on the assumption that a person saves 15% of their income annually beginning at age 25 (which includes any employer match), invests more than 50% on average of their savings in stocks over their lifetime, retires at age 67, and plans to maintain their preretirement lifestyle in retirement (see footnote 1 for more details).īased on those assumptions, we estimate that saving 10x (times) your preretirement income by age 67, together with other steps, should help ensure that you have enough income to maintain your current lifestyle in retirement. ![]() But they can serve as goalposts to help you make a plan to save enough to maintain your lifestyle in retirement. That's why we did extensive analysis to come up with age-based retirement savings factors that can help you plan-in spite of those uncertainties. There are so many imponderables: When will you retire? How much will you spend in retirement? And for how long? ![]() How much do you need to save for retirement? It's one of the most common questions people have. ![]()
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