Is This the Savings Milestone You Should Reach Before Retirement?
One of the trickiest things about socking money away for retirement is trying to figure out how much to save. You'll often hear that rather than landing on a random number, like $1 million, you should instead base your savings goal on your personal needs.
To that end, you'll often hear that it's a good idea to retire with 10x your ending salary socked away in an IRA or 401(k) plan. It's advice that big names like Fidelity have long given out and a reasonable starting point if you're clueless about how much to save.
But that doesn't mean you should fixate on retiring with 10x your salary in savings. Instead, think about what you want your retirement to look like.
Source Fool.com
