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Retirement Savings by Age Calculator

See how your retirement savings compare to benchmarks for your age. Find out if you are on track and how much you should be saving.

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Retirement Savings Benchmarks by Age

Fidelity Investments, one of the largest retirement plan administrators, recommends these savings milestones based on multiples of your annual salary: Age 30: 1× salary, Age 35: 2×, Age 40: 3×, Age 45: 4×, Age 50: 6×, Age 55: 7×, Age 60: 8×, Age 67: 10-12×. On a $75,000 salary: target $150,000 by 35, $450,000 by 50, and $750,000-$900,000 by 67.

These assume a 15% savings rate (including employer match), retirement at 67, and a balanced investment portfolio. If you started saving later, you will need a higher savings rate to catch up. The most powerful catch-up tool: maximize your 401K ($23,500 limit, plus $7,500 catch-up if 50+). Use our 401K Calculator and Wealth Projection Calculator to model your path.

What If You Are Behind?

According to the Federal Reserve's Survey of Consumer Finances, the median retirement savings for Americans aged 35-44 is $60,000 — far below the recommended 2× salary. You are not alone if you are behind. The key is starting NOW rather than waiting for the "perfect" amount. Increasing your savings rate by just 1% of salary per year (e.g., when you get raises) can close a significant gap over 15-20 years. A 35-year-old with $60,000 saved who increases their 401K contribution by 1% annually can reach $800,000+ by 67 with employer matching. Every extra dollar invested in your 30s does roughly 4× the work of a dollar invested in your 50s due to compounding. Calculate the impact with our Compound Interest Calculator.

People Also Ask

How much should I have saved by 30?
Fidelity recommends 1× your annual salary by 30. On a $60,000 salary: $60,000. The median American at 30 has approximately $20,000 — well below target.
Is it too late to start saving at 40?
No. A 40-year-old saving $1,000/month at 7% return reaches ~$680,000 by 67. With catch-up contributions after 50, potentially over $800,000. Start now.
Does the employer 401K match count?
Yes. A 50% match on 6% of salary adds 3% of salary automatically. On $75,000: $2,250/year of free money, growing to $100,000+ over 25 years.
What savings rate do I need?
Fidelity recommends 15% of gross income (including employer match). Starting at 25: 15% is sufficient. Starting at 35: aim for 20-25%. Starting at 45: 30%+ may be needed.