If You've Saved This Much for Retirement by Age 35, You're Ahead of the Game
You might not need as much as you'd think to reach this milestone.
Overview
By the time you're 35, you're no longer a newcomer to the workforce. Yet, low average salaries, student debt, and saving for near-term goals keep median retirement savings relatively low for this group. The typical worker under age 35 only has $18,880 set aside for the future, according to The Motley Fool's research on average retirement savings.
If you've saved more than this, you're doing better than a lot of people your age. But there's a difference between being ahead of the pack and being on track for retirement.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
- Why the alternative to the ‘clear and present’ danger from bond yields is this AI-fueled market that’s quietly outperformed
- Novo is betting on its next chapter as Eli Lilly gains more ground in GLP-1s
- NIH funding cuts delayed a promising childhood brain cancer trial. Patients lost time they didn't have.
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.