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Chart of the Day: Age vs. Salary Saved

Samuel A. Kiburz, Senior Vice President, Chief Investment Officer Mar 14, 2024
chart ranges from 30 to 65, but green circles representing how many times your salary you should have saved. 30 = 1, over 65 = 10

Contents

Today’s Chart of the Day comes from Yahoo Finance with estimates by Fidelity. It shows a general rule of thumb for financial planning for how much you should have invested at different ages by multiplying your current salary by a specific number (based on your age) to prepare for retirement. Investments can also include things like real estate, businesses, and future inheritances.

Certainly, every situation is different and fine tuning is certainly needed for everyone, but this can be a starting point to see if you are on track.
Chart of the Day

About the Author

Samuel A. Kiburz, Senior Vice President, Chief Investment Officer
Samuel A. Kiburz, Senior Vice President, Chief Investment Officer

Samuel serves as Senior Vice President, Chief Investment Officer for the Crews family of banks. He manages the individual investment holdings of his clients, including individuals, families, foundations, and institutions throughout the State of Florida. Samuel has been involved in banking since 1996 and has more than 20 years experience working in wealth management.

Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal.

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