retirement savings
2 questions
- Finance
How much should I save for retirement?
Save 15% of your gross income for retirement as a starting target — including any employer match. If you started late, aim higher. The exact number depends on your desired lifestyle and retirement age, but 15% invested consistently from your 20s puts you in strong shape.
- Finance
How much should I save in my 20s?
Fidelity's benchmark is 1x your salary saved by age 30. Getting there requires saving at least 15% of gross income — including any employer match — as early as possible. The biggest advantage you have in your 20s is time: compounding works best over the longest horizon.