401k Retirement Savings by Age (Average, Median, and Goal)

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How Much Should I Have Already Saved by Age? How many times my income should I have saved by age to retire comfortably? How do I prepare for retirement? How much of my income should I put in a 401k, 403b, IRA, or other retirement accounts to prepare for retirement?

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Topics discussed may include predictions, estimates or other information that might be considered forward-looking and results are not guaranteed. Prior performance does not guarantee future performance. This is not individual investment, legal, or tax advice. Investments carry risk and can lose value. Make sure to complete your own due diligence and work with licensed investment, tax, and accountant professionals when making financial decisions. Financial Freedom 101 is not responsible for any of the financial decisions that you make. Financial Freedom 101 typically has investments including, but not limited to positions in diversified ETFs and mutual funds such as SPY, VOO, SWPPX, FXAIX and others which may contain holdings in the companies discussed. The content of this video is for entertainment purposes only.
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Great video. Recently found your channel. Good, sound content. Thanks.

RichardMcDonaldJr
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Definitely glad I started putting in my 401k early! Great advice 👍🏼

_Nathan-
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Why would you only go from 7x at 55 to 8x at 60. Don’t you gain money a lot more rapidly at the end when you already have a sizable nestegg?

RavensTheNextDynasty
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How many 401k accounts do people typically have ? How many IRAs ? Bet folks have more than 1 … The (X) times factor is a great guide. Knowing expenses - excellent. No debt - huge

martywilliard
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Do you recommend doubling these numbers for a married couple or do you have a different calculation for that?

Neilhouse