What I quickly learned that was there are a few actual measurable/quantifiable/actionable numbers you can implement to save enough for retirement and to live a great life. And knowing those numbers is key!
American adult is saving less than 5% of their income. Setting appropriate savings goals and determining your savings rate by age is vital to your long term savings plan.
Whether you're behind the savings curve when it comes to age or way ahead of it, using retirement savings by age chart will help guide you.
To know how much you need to be saved, consider working backward from your end goal. For example, consider long term financial goals, travel, retirement age, kid’s college and so on.
We have firmly established that most do not have enough saved. That is OK considering awareness is key to creating any new habit and saving is a habit.