Is that pretax/gross income or after tax income?
By the time you’re 30, aim to have 1x your annual income set aside for retirement. At 40, 3x; at 50, 6x; at 60, 8x; and by retirement, 10x.
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Also, really? Can anyone do this in America?
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This is a bit funny to me as a grad student.
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This is my objective. I'm 44 and going through a divorce. It's going to be difficult...
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That’s quite a jump from 40 to 50...
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There are no universal rules for retirement saving, and anyone who tells you otherwise? Run.
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What about if you live in the actual world?
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If you have an extra 6 weeks salary saved up, you're doing pretty darn good.... in the real world. I'm not doing good, unfortunately.
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