If your household brings in $200k per year, this is how much you need saved for retirement by age 40

"The cost of living continues to rise and your retirement savings are losing ground. Healthcare, housing, and groceries will cost significantly more in the future, making retirement planning critical."

"Just because you are 40 years old and earn a high salary does not mean you can ignore retirement. The clock is ticking and inflation complicates the landscape."

"According to Edward Jones, a 40-year-old with a $200,000 income should have between $810,000 and $1 million saved. Ignoring retirement savings creates a dangerous illusion of security."

"Middle age is a prime time to assess your retirement goals. Whether ahead or behind, there’s always more that can be done to meet these objectives effectively."

Read at 24/7 Wall St.