How Much Should You Really Have Saved for Retirement by Age 40?

Among 35- to 44-year-olds, the average 401(k) balance is $103,552, according to a report by The Vanguard Group. The median balance is $39,958. Is this a good amount, both for Americans as a whole and for you personally, if you have close to the average saved? If not, what specific amount should you have saved by your 40s if you want to make sure you are on track for a secure future?Here's what you need to know to answer this question, along with some tips on how you can decide how much you need to have saved to set you up for financial success in your later years.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool