| How to tell if you're on track |
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| National savings rates |
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| 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 |
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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?
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