I make $80k a year and I'm being told by age 40 you should have 3x your salary saved in your 401k and I'm nowhere near that - is it panic time?
Briefly

from 24/7 Wall St.2 months ago
Despite being $100,000 behind the recommended savings guideline, when running the numbers, the Reddit user is actually on track for a secure retirement at age 67.
24/7 Wall St.https://247wallst.com/personal-finance/2025/01/20/i-make-80k-a-year-and-im-being-told-by-age-40-you-should-have-3x-your-salary-saved-in-your-401k-and-im-nowhere-near-that-is-it-panic-time/
For those 40 years old, conventional wisdom suggests having three times your salary saved. In reality, it's crucial to focus on consistent contributions and investment growth.
24/7 Wall St.https://247wallst.com/personal-finance/2025/01/20/i-make-80k-a-year-and-im-being-told-by-age-40-you-should-have-3x-your-salary-saved-in-your-401k-and-im-nowhere-near-that-is-it-panic-time/
Read at 24/7 Wall St.
#retirement-savings #financial-advice #reddit #investment-strategy #age-40-guidelines
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