Savings by Age Benchmark
Compare your savings to age-based benchmarks from financial advisors.
See how many times your salary you should have saved by age 30, 40, 50, and 60.
Target Savings = Annual Salary × Age Multiplier
This calculator compares your actual savings against the widely cited Fidelity Investments retirement benchmarks.
These benchmarks suggest you should have saved certain multiples of your annual salary by specific ages.
Fidelity’s recommended savings milestones:
| Age | Savings Target | Example ($60K salary) |
|---|---|---|
| 30 | 1× salary | $60,000 |
| 35 | 2× salary | $120,000 |
| 40 | 3× salary | $180,000 |
| 45 | 4× salary | $240,000 |
| 50 | 6× salary | $360,000 |
| 55 | 7× salary | $420,000 |
| 60 | 8× salary | $480,000 |
| 67 | 10× salary | $600,000 |
Fidelity publishes nothing beyond 67, so this calculator holds the target at 10× salary for anyone older rather than inventing a higher one.
How the calculator works:
Enter your age, salary, and current savings. The calculator determines the appropriate multiplier for your age, calculates the target amount, and shows what percentage of the target you have reached.
Between two milestones the target follows a straight line, so a 32-year-old is aiming for 1.4× salary, not the full 2× that is due by 35. Below 30 the line starts from nothing at 25, the age the plan assumes saving begins.
When to use this calculator:
Use it as a quick retirement readiness check. It helps you understand if your savings are on track, slightly behind, or significantly behind so you can adjust your savings strategy.
Tips and context:
- These benchmarks assume you start saving at age 25 and aim to retire around 67.
- If you started saving later, do not panic. Increasing your savings rate now can still close the gap.
- The benchmarks are guidelines, not rules. Your actual target depends on your lifestyle, expected retirement age, and local cost of living.
- The calculator gives you a status assessment: on track, close, behind, or significantly behind.
- Consider consulting a financial advisor for personalized retirement planning.
How we build and check this calculator
This calculator runs entirely in your browser, so the numbers you enter stay on your device. The math behind it is written by hand and tested against worked examples and standard references before the page goes live.
SuperGlobalCalculator is independently built and maintained. See how we build and verify our calculators.
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