09-14-2007, 10:30 PM
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#6 (permalink)
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My termites win
Join Date: Aug 2007
Type: intp
Location: North of somewhere (so not the south pole)
Posts: 3,518
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Compare how well people are saving to how well they need to save for retirement...
Age, Annual Spending Saved (in multiples of Anual Income)
30, 1
35, 2
38, 3
42, 4
44, 5
47, 6
49, 7
51, 8
53, 9
55, 10
57, 11
59, 12
61, 13
63, 14
64, 15
66, 16
68, 17
69, 18
70, 19
72, 20
Taken from:
Free Money Finance: How to Compute Your Net Worth and Check Your Financial Progress
Compare the numbers above to the chart attached, taken from:
Baby Boomers' Retirement Prospects: An Overview
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