Benchmarks by decade, the 15% rule, and how to catch up if you're behind.
Fidelity's suggested multiples of salary by age:
These are guidelines, not rules. Your target depends on expenses, lifestyle, and retirement age.
A common target is saving 15% of gross income for retirement (including employer match). If you start at 25, 15% may be enough. Starting later requires a higher rate.
$500/month at 8% from age 25 to 65 ≈ $1.7M. The same from age 35 ≈ $745k. Starting 10 years earlier more than doubles the result. Time is your biggest asset.
If you're behind, the best time to improve is now. Increase contributions with every raise. Small steps compound over time.
Plan your retirement by estimating how much you need to save. Enter your current age, retirement age, savings, and monthly contributions to see if you're on track.
See how your money grows over time with the power of compound interest. Enter your starting balance, monthly contributions, interest rate, and time horizon.
Calculate your path to Financial Independence, Retire Early. Enter your expenses, savings rate, and portfolio value to find your FIRE number and timeline.
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