Major MONEY Milestones To Accomplish By EVERY Decade!

"Starting with a net worth of zero if you save 15% of your income you will retire in 43 years and that will be a very comfortable situation for you"

"by doing so [having $186,000 saved by age 40] and then using a retirement calculator from nerd wallet we can assume with Investments that you should be able to get to a balance of $2.1 Million by the time you're the age of 67"

"if you only contribute half of the annual limit which is $3,500 per year in your 40s and you assume a 10% annual return you would still accumulate $378,000 by the time you're at the age of 65"

"but if you were to Max it out every year you would actually retire with double that so $756,200"

"Milestone number three in your 50s is to make sure you have 8X your salary saved for retirement that means if you're making 80k per year in your 50s you should have at least eight times that saved by the time you're 60 so $640,000 and that's going to be for your retirement fund this is a target estimate provided by Fidelity but I find it pretty accurate as it will set you up for success by the time you're in your 60s and Beyond"

"your benefits will increase if you're able to wait"

"if you're able to wait until the age of 70 to start taking social security you could actually get the maximum benefit which could amount to 8% more per year for the rest of your life if you can wait those extra 3 years"