I’ve written a lot about my path to retirement. The savings rates it took to retire at 51 and the choices we made.
I’ve also stressed that everyone’s retirement path is different. We each have to find the path that works for us.
I found a great resource that can help you figure out how much you need to save, what savings milestones you should have reached at certain ages, where your retirement income will come from and how to make your retirement savings last. Fidelity Investments released a series of articles that will help guide you on your path.
How much should you save for retirement? They say 15% of your annual income. This includes your contributions + any employer match you receive. This savings is for retirement only–any other savings goals would be in addition to this 15%. Continue reading “How Are YOU Doing On Your Path To Retirement?”