How Much Should I Be Saving at Every Age?
If you've ever wondered how much is enough when it comes to saving for the future, you're not the only one. How much someone should aim to have saved by a certain age is a frequently asked question in personal finance.
While there is no tried and true answer that fits everyone, Fidelity does offer a helpful benchmark:
By age 30: save 1x your annual income
By age 35: save 2x your annual income
By age 40: save 3x your annual income
By age 45: save 4x your annual income
By age 50: save 6x your annual income
By age 55: save 7x your annual income
By age 60: save 8x your annual income
By age 67: save 10x your annual income (assuming retirement at age 67)
These numbers are designed to guide you toward a comfortable retirement assuming you want to maintain your current lifestyle. But these numbers are just that: guides.
We know that life isn’t always predictable. Careers evolve, salaries change, and goals shift. What matters most is that you're saving something and staying consistent, as small amounts compounded over time can be more helpful than you think!
Milestones such as these can help set a framework when you are young, but it is equally important to be flexible and kind with yourself depending on how your life unfolds. The key is to re-engage with your plan, it's about progress. ¹
Viewpoints, F. (2025, February 14). How much do I need to retire? https://www.fidelity.com/viewpoints/retirement/how-much-do-i-need-to-retire
