This is how much you should have saved by 65 - are you behind or ahead?

As you approach retirement age, knowing how much to have saved by 65 is crucial for ensuring a comfortable future, with benchmarks based on income that guide planning.

According to data from Edward Jones, a 65-year-old earning $100,000 should aim for $1.05 million to $1.21 million in savings to maintain their lifestyle throughout retirement.

Having liquid savings ensures flexibility to cover healthcare costs and unexpected expenses, rather than relying solely on home equity, which isn't easily accessible.

For individuals earning $200,000 annually, retirement savings should target between $2.77 million and $3.17 million, factoring in inflation and long-term healthcare costs.

Read at 24/7 Wall St.