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Reply to "How much should I be saving for retirement?"
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[quote=Anonymous][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] So you're saying if you even hit the first milestone, you basically need to be saving almost 20% of your salary between ages 30 and 35? I think it's really hard for most people to do that. I've only got 1/3 of my salary saved at 29, but I also spent 2 years in grad school. I'm saving 10% of a government salary.[/quote] PP is wrong - it isn't 2x by age 35. It's 1x by 35. http://bucks.blogs.nytimes.com/2012/09/12/suggested-retirement-savings-goals-by-age/ [/quote]
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