– At 25 years old — you should have 1/2 of your yearly salary saved – At 30 years old — you should have 1x your yearly salary saved – At 35 years old — you should have 2x your yearly salary saved
You may have heard that you’ll need to replace 70% or 80% of your pre-retirement income to have a comfortable retirement. This frequently referenced guideline makes sense if and only if your spending is perfectly coupled with your income.