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Chart of the Day: Age vs. Salary Saved

Crews Bank & Trust Wealth Management Services 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

Crews Bank & Trust Wealth Management Services
Crews Bank & Trust Wealth Management Services

Experienced professionals from our wealth management services team can help you achieve a bright financial future through investment strategies tailored to you. We’ll show you all of the options available and help you choose the ones best suited to you. We’ll provide high-quality, personal service as we work toward your goals together. Our Portfolio Managers do not receive commissions on trades; our recommendations of investments are based solely on your best interests.

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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Chart of the Day: All Stocks Index
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Chart of the Day: Family Size is Shrinking

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