Here's How Much You Should Have Saved for Retirement by Age 60
Most 60-year-olds are standing on the precipice of retirement. This is a happy thought for some who were able to save consistently throughout their careers. For others, it's alarming as they try to figure out how they'll get by on little more than their Social Security benefits.The best way to ensure you can afford to retire comfortably is to save some of your income every month and check in with yourself regularly to see if you're on track for your goals. While everyone's savings target is different, here's what conventional wisdom has to say about how much you should have saved by the time you're 60.Image source: Getty Images.Continue reading
Most 60-year-olds are standing on the precipice of retirement. This is a happy thought for some who were able to save consistently throughout their careers. For others, it's alarming as they try to figure out how they'll get by on little more than their Social Security benefits.
The best way to ensure you can afford to retire comfortably is to save some of your income every month and check in with yourself regularly to see if you're on track for your goals. While everyone's savings target is different, here's what conventional wisdom has to say about how much you should have saved by the time you're 60.
Image source: Getty Images.
