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Reply to "Did you have 3x salary in retirement by 40?"
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[quote=Anonymous]At 40, I had 2 times saved. At 43 I have 3.7 times saved. Like you, I’ve had a big salary bump the last 10 years. Current income $320,000. The key is realizing it doesn’t matter how much of your salary you have saved - it’s how many times your expenses. Rule of thumb is to have 25x your expenses saved by retirement, as that supports the 4% rule. If you include social security and pensions, you may need less saved. Anything extra would be for fun money. [/quote]
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