Starting to Invest for Retirement? Here’s What You Need to Be Saving…

One of the main goals we are asked to calculate for our financial coaching clients is: “How much do I need to save to be able to retire comfortably?” This calculation has many moving parts but I thought today we could give you this chart with some general rules of thumb to kickstart your planning.

Example: a 40 year old with a household income of $100k and $0 saved for retirement today may need to save 22% of their income every year until retirement (age 65).

Be sure to see the model assumptions for more info.

22% sounds like a daunting task! Start with maxing your 401k deferrals. In 2025 that’s $23,500 by 12/31 add $7,500 if you are age 50-59 or $11,250 if you are age 60-63. Want more help? We’re here to help. Reach out and schedule your free initial consultation with us here and we can get started on mapping out your retirement.

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