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Reply to "How much should I be saving for retirement?"
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[quote=Anonymous][quote=Anonymous]You are supposed to have 1x salary in retirement savings by age 30 and 2x by age 35 to be on track[/quote] Fidelity's recommendation is 1x salary by age 35, 3x salary by age 45, and 5x salary by age 55. Some of that growth should be from interest on the investments, so you don't have to save 20% of your salary between ages 35 and 45 to make it work.[/quote]
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