Retirement isn’t just a milestone, it’s a journey that requires foresight, diligence, and a clear understanding of your financial needs. While there’s no universal rule for determining how much you’ll need, there are helpful benchmarks and insights that can guide you along the way. Remember, every individual’s circumstances are unique, and professional guidance can make all the difference.
Social Security’s Role
The Social Security Administration estimates that benefits replace about 40% of pre-retirement income for most people. That means your savings and investments will need to fill the gap. Understanding how much income your portfolio can provide is essential to building a sustainable plan.¹
Current Savings Trends
Did you know that 54% of workers have tried to calculate how much they need to retire comfortably?² Having a strategy in place gives you clarity and confidence as you work toward your goals.
Savings Benchmarks
There’s no one-size-fits-all approach, but here’s a commonly suggested guideline:
By age 30: Save 1x your annual salary
- By age 40: 3x your salary
- By age 50: 6x your salary
- By age 60: 8x your salary
- By age 67: 10x your salary
These benchmarks provide a starting point, but your path should reflect your unique needs and aspirations.
Personalizing Your Plan
Factors like legacy goals, estate strategies, and philanthropic desires can all influence your retirement direction. That’s why a personalized approach is key. Together, we can create a strategy that aligns with your vision for the future.
We’re Here to Help
Your retirement strategy is too important to leave to chance. Reach out today—let’s work together to build a plan that gives you confidence and peace of mind.
- SSA.gov, July 2025
- EBRI, November 10, 2025