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re: Here's how much money you should have saved at every age

Posted on 2/24/17 at 9:17 am to
Posted by Teddy Ruxpin
Member since Oct 2006
39648 posts
Posted on 2/24/17 at 9:17 am to
quote:

By age 30: Have the equivalent of your annual salary saved, Greene says. If you earn $50,000 a year, aim to have $50,000 in savings when you hit 30.


This isn't really helpful if you keep getting promotions/pay increases. But it's a guide so I understand the generalities.

If I jump from 75k to 150k to 200k from 27 to 30. Well, the math just isn't going to work out that way.
Posted by ODP
Conroe
Member since Oct 2015
1938 posts
Posted on 2/24/17 at 9:26 am to
quote:

This isn't really helpful if you keep getting promotions/pay increases. But it's a guide so I understand the generalities.

If I jump from 75k to 150k to 200k from 27 to 30. Well, the math just isn't going to work out that way.



If you're at 200K by 30, retirement savings is the least of your probs.
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