Here's a simple rule of thumb for calculating how much money you need to retire: at least 1x your salary at 30, 3x at 40, 6x at 50, 8x at 60, and 10x at 67.
Are you saving enough for retirement? Many people don't know how to figure that out. But here's a practical, fast, easy way to tell if you're on track.
It’s clear that Americans feel unprepared for retirement. One in three have less than $5,000 in retirement savings, and one in five have no retirement savings at all, according to a Northwestern Mutual study.