Save 15% of Pretax Income
To improve your odds of retiring with enough money to last through your retirement years—assuming a retirement age of 67—we suggest saving at least 15% of your pretax income each year from age 25 to age 67.
While 15% may seem like a lot, if you have a 401(k) or other workplace retirement account with an employer match or profit sharing, that counts toward your annual savings rate.
Of course, 15% is just a guideline. Your annual savings rate may be higher or lower depending on when you start saving, when you want to retire, how you invest, and how you want to live in retirement.