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I make $80k a year and I'm being told by age 40 you should have 3x your salary saved in your 401k and I'm nowhere near that - is it panic time?
Gets a 2% salary increase each year He will end up with around $1,992,207 at age 67. At a safe 3.7% withdrawal rate , that would provide about $73,711.66 in annual income.
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I make $80k a year and I’m being told by age 40 you should have 3x your salary saved in your 401k and I’m nowhere near that – is it panic time?
(Sponsor) When you are deciding how much to save for retirement, there are lots of rules of thumb that you'll read or hear. One of those rules says that you should have three times your salary ...