How much should I have in my 401K at 28?

Retirement-plan provider Fidelity recommends having the equivalent of your salary saved by the time you reach 30. That means if your annual salary is $50,000, you should aim to have $50,000 in retirement savings by 30.

What’s a good net worth by age?

Age of head of family	Median net worth	Average net worth
Less than 35	$13,900	$76,300
35-44	$91,300	$436,200
45-54	$168,600	$833,200
55-64	$212,500	$1,175,900

How much of my income should I save each month?

Did you want a simpler answer? No problem. Here’s a final rule of thumb you can consider: at least 20\% of your income should go towards savings. More is fine; less may mean saving longer.

How much do you need to invest to make $10K a month?

For example, a $10,000 monthly income is $120,000 income a year. If the expected yield is 6\%, you need to invest $2,000,000 to make $10,000 a month in investment income. As you can see, the amount you need to invest to generate a desired amount of income depends on one major variable: investment yield.

How much money will you need to retire?

Weigh these four factors to get a better handle on how much money you will need to retire. Factor No. 1: How much will you spend? The rule of thumb is that you’ll need about 80 percent of your pre-retirement income when you leave your job, although that rule requires a pretty flexible thumb.

How much do you need to invest to generate an income?

As you can see, the amount you need to invest to generate a desired amount of income depends on one major variable: investment yield. This means the more you increase investment yield the less you need to invest to reach a desired income level.