If your household brings in $200k per year, this is how much you need saved to retire at 65
Briefly

from 24/7 Wall St.3 months ago
Most Americans aren't saving enough for retirement, with median savings at only $87,000. A quarter have no retirement savings at all, highlighting a serious issue.
24/7 Wall St.https://247wallst.com/personal-finance/2024/11/16/if-your-household-brings-in-200k-per-year-this-is-how-much-you-need-saved-to-retire-at-65/
About $1.4 million should be the retirement saving target for most, but median savings currently falls short, revealing a troubling gap in financial preparedness.
24/7 Wall St.https://247wallst.com/personal-finance/2024/11/16/if-your-household-brings-in-200k-per-year-this-is-how-much-you-need-saved-to-retire-at-65/
Despite average retirement savings sitting at $334,000, the median shows a stark picture of $87,000, inflating averages due to a wealthy few.
24/7 Wall St.https://247wallst.com/personal-finance/2024/11/16/if-your-household-brings-in-200k-per-year-this-is-how-much-you-need-saved-to-retire-at-65/
Edward Jones indicates how savings should align with age and household income, emphasizing that direction in saving is more important than current savings level.
24/7 Wall St.https://247wallst.com/personal-finance/2024/11/16/if-your-household-brings-in-200k-per-year-this-is-how-much-you-need-saved-to-retire-at-65/
Read at 24/7 Wall St.
#retirement-savings #financial-security #consumer-finances #savings-gap #investment-planning
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