Are You Behind on Retirement Savings? How Much You Need at 50, 55, 60 and 65

When it comes to preparing for retirement, many people fear running out of money, yet most don't actually know how much they’ll need.

While figuring out the magic number can be difficult, it’s essential. Without a clear target, you risk a shortfall that could force a major lifestyle overhaul or an unexpected return to work.

Fortunately, there’s a way to see if you’re on track. JPMorgan developed a guide that illustrates how much you should have saved based on your age and income. It’s just a rule of thumb, but it can tell you whether you’re doing well, need to step it up or are at risk of a significant gap.

https://www.kiplinger.com/retirement/how-much-retirement-savings-you-need-at-50-55-60-and-65