Recommended Retirement Savings by Age – Are You Saving Enough?

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There is a lot of confusion around retirement and particularly recommended retirement savings by age.

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How much should you have saved by age? And how much do you need in retirement?

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Simple Method to Calculate Recommended Retirement Savings by Age

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How Much Do I Need To Retire?

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How Much Do I Need To Retire?

Most people do not drastically alter their lifestyle after retirement, so basing it on your income is a reasonable assumption.

And this method gives a quick and easy method to calculate if you are on track or not.

Swipe up to Continue Reading!

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Visit WealthyNickel.com to learn how to save money and invest!

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Recommended Retirement Savings by Age – Are You Saving Enough?

There is a lot of confusion around retirement and particularly recommended retirement savings by age.

How much should you have saved by age? And how much do you need in retirement?

Simple Method to Calculate Recommended Retirement Savings by Age

This simplified rule of thumb is a good place to start.

How Much Do I Need To Retire?

Fidelity’s calculations take into account assumptions such as how much of your income will be replaced

How Much Do I Need To Retire?

by social security, the age you retire, and estimated investment returns.

Most people do not drastically alter their lifestyle after retirement, so basing it on your income is a reasonable assumption.

And this method gives a quick and easy method to calculate if you are on track or not.

Swipe up to Continue Reading!

Visit WealthyNickel.com to learn how to save money and invest!

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