Here's How Much You Should Have Invested for Retirement at Age 60

One of the trickiest parts of retirement planning is determining how much you need to save. Your number may vary widely from others your age, depending on factors like the cost of living in your area, your life expectancy, and what type of lifestyle you expect to enjoy in retirement.For that reason, there's no one-size-fits-all answer as to how much you should have saved by a particular age.The median amount baby boomers expect to need to retire comfortably is $600,000, according to a 2024 report from the Transamerica Center for Retirement Studies. However, 21% of those surveyed believe they'll need $2 million or more, while 24% say they'll need between $100,000 and $500,000.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool