Most Americans think $1 million will be enough for 'a comfortable retirement'—here's how to figure out how much you need. (via CNBCMakeIt)
Work your way up to saving 10 times your salaryhave 10 times your final salary in savings"Our savings factors are based on the assumption that a person saves 15% of their income annually beginning at age 25, invests more than 50% on average of their savings in stocks over their
lifetime, retires at age 67, and plans to maintain their preretirement lifestyle in retirement,"Getting to 10 times your final salary "may seem ambitious," the report adds, "but you have many years to get there." Here's a timeline you could follow to see if you're on track to get there:
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