Here's How Much You Should Have Saved for Retirement by Age 50
More than half of workers 10 to 20 years from retirement (53%) say that determining how much they should save is their biggest retirement question, according to a report from the Empower Institute. Knowing how much you need to save is crucial when planning for retirement, so you have a goal to aim toward and an idea whether your savings will last the rest of your life. While everyone's savings goals will differ slightly, there's one benchmark to shoot for by the time you reach 50.
