If your family brings in $100k per year, this is how much you need saved for retirement by age 45

At age 45, individuals earning around $100,000 should aim for retirement savings between $360,000 and $450,000, according to Edward Jones recommendations, serving as a financial benchmark.

If you find you are behind the recommended savings numbers, there are strategies available to help catch up. This can include maximizing contributions to retirement accounts and taking advantage of employer-sponsored plans.

For those making $150,000, the recommended retirement savings target is about $690,000. The importance of these targets cannot be overstated, as they play a crucial role in retirement preparedness.

Understanding these financial milestones not only gives individuals a clearer roadmap but also alleviates anxiety about retirement, allowing for proactive adjustments to savings strategies well before retirement age.

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