Here's How Much You Should Have Saved for Retirement by Age 67, According to 1 Popular Rule
Having a clear target to aim for is the first step on the road to retirement readiness.
Overview
There are many rules of thumb about how much you need to retire comfortably, but a popular one from Fidelity says you should aim to have 10 times your income set aside by age 67. That looks different for everyone, but examining an average case can give you a rough idea of what the typical retirement costs are.
Below, we'll consider how much someone with average earnings would need to have saved by 67 to meet this and what milestones they'd want to hit along the way to know they're on track.
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Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.