Yukon eco-tourism resorts for fishing, family vacations, and outdoor adventures in Canada's wilderness... Yukon eco-tourism resorts for fishing, family vacations, and outdoor adventures in Canada's wilderness... Yukon eco-tourism resorts for fishing, family vacations, and outdoor adventures in Canada's wilderness...
Among 45- to 54-year-olds, the greatest percentage (56%) had savings of between $25,000 and $499,999. The median amount saved in this age range was $101,000. A full fifth of respondents in this age group had $100,000 to $249,999 dollars saved for retirement, making this the top answer for people of these ages.
All you need to do is pick how large you want your retirement savings to be and then multiply the percentage by that amount to see where you should be at. For example: If I earn $100,000 per year rather than $60,000, then my target total retirement savings should be $100K x 0.8 / 0.04 = $2 million dollars. So by age 40 (15 years into saving) I should have approximately 24% of $2 million dollars saved = $479,367.