Here's How Much Money You Should Have Saved At Every Age!

posted by Amy James - 

The sooner you start saving for retirement, the better. If you're wondering how much you should have in your savings based on your age, money expert Kimmie Greene helps us out!

In your 20's: Aim to save 25% of your overall gross pay

By age 30: Have the equivalent of your annual salary saved. If you earn $50,000, aim to have $50,000.

By age 35: Have twice your annual salary saved.

By age 40: Have three times your annual salary saved.

By age 45: Have four times your annual salary saved.

By age 50: Have five times your annual salary saved.

By age 55: Have six times your annual salary saved.

By age 60: Have seven times your annual salary saved.

By age 65: Have eight times your annual salary saved.

Full article, here.

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Amy James

Amy James

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