How to tell if you're on track
Page | 1 | 2 | 3 | 4 |

National savings rates

Age	Income	Savings rate	Deduction for each $10,000
25	$20,000	5.8 percent	1.6 percent
25	$40,000	8.2 percent	0.78 percent
25	$60,000	10 percent	0.55 percent
25	$80,000	11.2 percent	0.4 percent
30	$20,000	7 percent	1.65 percent
30	$40,000	10 percent	0.79 percent
30	$60,000	11.8 percent	0.54 percent
30	$80,000	13.6 percent	0.42 percent
35	$20,000	8.6 percent	1.75 percent
35	$40,000	12.2 percent	0.86 percent
35	$60,000	14.6 percent	0.55 percent
35	$80,000	16.4 percent	0.43 percent
35	$100,000	17.6 percent	0.34 percent
40	$20,000	10.2 percent	1.67 percent
40	$40,000	14.8 percent	0.86 percent
40	$60,000	17.6 percent	0.57 percent
40	$80,000	19.8 percent	0.42 percent
40	$100,000	21.4 percent	0.35 percent
45	$20,000	12.4 percent	1.76 percent
45	$40,000	18 percent	0.9 percent
45	$60,000	21.4 percent	0.59 percent
45	$80,000	24 percent	0.45 percent
45	$100,000	26.2 percent	0.37 percent
45	$120,000	28.2 percent	0.31 percent
50	$20,000	15 percent	1.87 percent
50	$40,000	22 percent	0.97 percent
50	$60,000	26.2 percent	0.64 percent
50	$80,000	29.8 percent	0.48 percent
50	$100,000	32.2 percent	0.39 percent
50	$120,000	35 percent	0.33 percent
55	$20,000	18.6 percent	2.11 percent
55	$40,000	27.2 percent	1.04 percent
55	$60,000	32.6 percent	0.71 percent
55	$80,000	36.6 percent	0.53 percent
55	$100,000	40.2 percent	0.43 percent
55	$120,000	43.6 percent	0.36 percent
60	$20,000	23.8 percent	2.39 percent
60	$40,000	34.4 percent	1.23 percent
60	$60,000	41.2 percent	0.81 percent
60	$80,000	46.8 percent	0.61 percent
60	$100,000	51.4 percent	0.5 percent
60	$120,000	55.4 percent	0.41 percent

Reprinted with permission by the Financial Planning Association, Journal of Financial Planning, April 2007, by Roger Ibbotson, Ph.D.; James Xiong, Ph.D., CFA; Robert P. Kreitler, CFP; Charles F. Kreitler; and Peng Chen, Ph.D., CFA, "National Savings Rate Guidelines for Individuals." For more information on the Financial Planning Association, visit www.fpanet.org or call (800) 322-4237.

Crunching the numbers
Now let's assume you're 40 with an income of $60,000, and you did start saving at an earlier age. Right now you have $100,000 saved up.

What should your savings be in that case?