If your household brings in $400k per year, this is how much you should have saved by your mid-40s

If your household earns $400,000 annually, you should aim to have saved approximately $1.83 million by age 45 to maintain your current lifestyle in retirement. This target helps ensure you're well-positioned to have a comfortable retirement that can weather economic fluctuations. It isn't the minimal number; it's the 'comfortable' number. Any less than this, and you could run into some problems later on.

Falling short of the $1.83 million benchmark doesn't mean all is lost! Here are some steps to help you catch up: max out your 401(k) and IRA limits each year, cut back on unnecessary spending, and consider side income opportunities.

Read at 24/7 Wall St.