How much money Americans have in their 401(k)s at every age (via CNBCMakeIt)
of your income, you'll be fine. More is always better: Bach says that if you want to retire "rich," save 15-20% and, if you want to retire early, save 20% or more.
Fidelity recommends saving 15%, and that amount includes contributions from your paycheck as well as any contributions from your company. If you can't save 15% right away, "make sure that you're saving at least enough to get the full match that your employer offers," says Taylor. Then, "make a commitment to yourself that you're going to increase your contribution by 1-2% every year until you get there," she says, adding: "Getting started early at any amount is always a great idea."
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