One of the most common questions when people hear I am a financial planner is some version of “Do you think I am on track for retirement?” The reality is most people could be saving more, but keep reading as we share the average retirement savings by age. Hopefully, this will give you a sense that you are on track or need to ramp up your savings for retirement.
What Is The Average Retirement Savings By Age?
If you are trying to see if you are on track for a secure retirement, you may wonder how much others your age have socked away. While I would love everyone to (eventually) become a 401(k) millionaire, many people need to save more and invest wisely enough to reach this big financial milestone.
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