re: Target 401k totals by age

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multiple streams of income later

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Nah, I’ll just collect dividends passively and be diversified across industries….rather than anchor myself to one asset class that likely is heavy in one geography in the country and requires active involvement.

how quickly can I trigger FB HNY.

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Here are Fidelity's age-based milestones you can use to track your progress:

By age 30: 1x your income

By age 40: 3x your income

By age 50: 6x your income

By age 60: 8x your income

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These target retirement savings rules of thumb having been floating around for a while. The one thing I've never seen clarified is what income you are supposed to use: your current income or your average income over the course of your career?

Seems like an average income would be most appropriate. For a 40 year old in the private sector, it would not be uncommon for their income to have doubled over the course of their career to that point, but the most impactful contributions would have been made during the earlier years when they are making less.