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How Much Money Should You Save For Retirement By Age?

Find out how much money you should be saving in your 20s, 30s, 40s, 50s, and 60s for retirement. Get 7 helpful tips to save money.
April 18, 2024
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People from all age groups often wonder how much money they should have in the bank to retire comfortably. But based on your age, responsibilities and liabilities, there are savings benchmarks that you could refer to. 

These benchmarks for retirement savings by age can help you get from where you are to where you should ideally be. Naturally, you will need efficient money saving strategies to get to this ideal retirement savings figure.

Savings Amount For Retirement By Age

The savings amount for retirement in your 20s, 30s, 40s, 50s, and 60s will vary based on your goals, financial condition, and other such factors. 

However, this benchmark could be an ideal comparison metric:

Age

Retirement Savings Goal (x annual salary)

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