Retirement Savings by Age Calculator (How Much Should I Have Saved?)
How much should you have saved for retirement at your age? Compare your savings with the widely used salary-multiple benchmarks — 1× salary by 30, 3× by 40, 6× by 50, 8× by 60 and 10× by 67.
How it works
Benchmark multiple: 1× salary at 30, 2× at 35, 3× at 40, 4× at 45, 6× at 50, 7× at 55, 8× at 60, 10× at 67 (straight-line between milestones) · benchmark savings = salary × multiple · your multiple = savings ÷ salary · progress = savings ÷ benchmark
Salary-multiple milestones are a quick check of whether your retirement savings are on pace. The most quoted set, from Fidelity Investments, says to aim for 1× your salary by 30, 3× by 40, 6× by 50, 8× by 60 and 10× by 67, assuming you save about 15% of income from age 25, invest mostly in stocks and retire at 67 with a pension or social security covering part of your needs. They are rules of thumb, not a plan: a later retirement, a generous pension or lower spending lowers your number, while early retirement or high expenses raise it.
Worked example
A 40-year-old earning 60,000 should have about 3× salary saved: 60,000 × 3 = 180,000.00. With 120,000 saved (2.00× salary) they are at 67% of the benchmark — 60,000 short, which is “somewhat behind”. The next milestone is 4× salary by age 45, or 240,000 at today’s salary.
Sources: Fidelity Viewpoints — How much do I need to retire? · Wikipedia — Retirement planning
Frequently asked questions
How much should I have saved for retirement by 40?
The common benchmark is about 3 times your annual salary by 40 — 180,000 on a 60,000 salary. If you are below it, raising your savings rate a few points and keeping costs low usually closes the gap over time.
Where do these milestones come from?
They follow Fidelity Investments’ savings guidelines (1× by 30 up to 10× by 67), which assume saving 15% a year from age 25, a stock-heavy portfolio and a retirement income of about 45% of pre-retirement salary from savings.
Should home equity count?
Usually not, unless you plan to sell or downsize to fund retirement. Count retirement accounts, pensions you can take as a lump sum and investments set aside for retirement.
What if I am far behind?
Increase contributions (especially with any employer match), delay retirement a few years, plan to work part-time, or reduce expected spending. Each extra year of work both adds savings and shortens the period you need to fund.
Related calculators
Educational estimate, not financial advice. Real contracts, fees, taxes, day-count and rounding rules differ — check the official cost disclosure and your agreement before deciding.