Reported 3 days ago
This article discusses the recommended retirement savings benchmarks for Americans at ages 30, 50, and 60, based on an analysis by T. Rowe Price. It highlights that by your mid-to-late 30s, you should aim to save 1x to 1.5x your annual income, 3.5x to 5.5x in your 50s, and 7.5x to 13.5x in your 60s. The piece also offers strategies for those who may be behind on their savings, such as maximizing employer contributions and gradually increasing savings rates.
Source: YAHOO