Do I Need to Have 10 Times My Income Saved for Retirement?
When it comes to retirement savings, there's pretty much no such thing as having too large a nest egg. But since many of us struggle to set money aside for the future, there comes a point where we may need to settle on a specific savings goal and be happy with that.
So how much should you have saved in time for retirement? Fidelity says that by age 67, which is considered full retirement age for much of today's workforce, you should aim to have amassed 10 times as much as your ending salary, and many financial experts concur. And while there is some wiggle room with that figure, it's also a pretty solid number to target.
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Source: Fool.com
