Here's how much you should have in retirement at every age

Nobody can become financially successful over night. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals.

Is this per person? Or per married couple?

Thank you for actual numbers. Other channels take forever to get right to the point.

>When you read articles about financial freedom, you may hear people drone on and on about how they are spending practically nothing so they can retire at a younger age, like 30. Conversely, they may have already achieved financial freedom and are bragging about how frugal they were so they could retire well before the typical retirement age.<>

im 32 and I got 10k lol

Early saving and investing money creates compounds growth, it's a beautiful thing.But it takes focus and discipline. You need to be focused enough to commit to a plan and a process.I’m a dividend investor, my wife and I have invested in the s&p500, both through my TSP with the government and through fidelity in her 401-k. Cashed out 370k from the S&P and invested with a full service broker.. Until about 3years ago we were 100% in the s&p after over 30 years. I’m retiring at the end of the month at 59, while my wife will retire next year at 54. We currently have 5.7 million in out tex deferred savings.

Nope. Don’t listen to this youngins.

They think a 30 year old makes $80,000?

Rob a bank

Does money invested in a home count as savings?

I mean your income now is not what you will need in the future. Without a house payment, car payment or any debt at all, I could live on 2,000 a month and that’s it. Ideally 4,000 a month ago hat I can have access to without my nest egg would be perfect.

My wife and I are age 59 and are at 17X and 24X depending on whether you mean pre-tax salary or after-tax salary. In addition, we will get retirement government pensions for about 30% of our salaries. Key points: we live well below our means, worked full-time our entire adult lives, were starving students who got highly educated, had affordable tuitions due to merit based scholarships and comparison shopping, maxed out 401k contributions and employer matching, invest in the S&P 500 with no individual stocks, no kids, no out of town vacations, no vacation home/rental.

Lots and lots of people are retiring early in their 50's (record resignations amongst boomers), yet you gloss right over that key age range.

These salary x calculations never specify whether it's your salary before or after taxes. Huge difference especially if you are in a high tax bracket. Yet glossed over here. I think it should be your take home pay (what you live on), and not your pre tax salary.

What are your thoughts on ETFs and Stocks with dividends?

This video doesn’t answer the question

Anticipate/projected Annual expense in retirement is more important than annual income.

Rule of thumb, Just have 25x your annual expense and you should generally be fine.

Make more if you're worried. Make less if you're flexible/able to downsize.
Worst case scenario, if you're in early retirement, just find a side hustle to do.

I recommend people achieve these numbers by buying a house while young and cashing in on equity after 10-15 years. Paying rent is a fools game.

The question isn't at what age I want to retire, it's at what income.