Get personalized savings recommendations based on your age and income
$7,500
15.0% of your current income
Your emergency fund should cover 3-6 months of essential expenses. Keep this money easily accessible in a high-yield savings account.
Historical average return since 1926, adjusted for inflation
Conservative fixed-income investments
Safe, highly liquid investments
Historical returns are not guarantees of future performance. Consider your risk tolerance and time horizon when investing.
As you age, you have less time to benefit from compound interest and recover from market downturns. Higher savings targets in later years help ensure you'll have enough for retirement.
Savings includes retirement accounts (401(k)s, IRAs), investment accounts, and emergency funds. It typically doesn't include home equity or other non-liquid assets.
Consider increasing your savings rate, maximizing employer matches, reducing expenses, or consulting a financial advisor. It's never too late to start saving more.
Generally, prioritize high-interest debt (like credit cards) while maintaining some emergency savings. For lower-interest debt, balance paying it off with retirement savings, especially if you have an employer match.
Targets are based on Fidelity's retirement guidelines, which suggest having 1x your salary saved by 30, 3x by 45, and 7x by 60. These targets assume you'll need 55-80% of your pre-retirement income in retirement.