Retirement Reality Check: Are You Saving Enough to Join the Top 10%?
TL;DR Summary
A study by the Economic Policy Institute (EPI) reveals that the average earnings of the top 10% of Americans in 2020 were around $173,000. To retire among this group, it is recommended to accumulate at least $2.5 million in retirement savings. Starting early, investing consistently, diversifying investments, living below your means, and seeking expert advice are key strategies to achieve this goal.
- Here's how much you need to retire among the top 10% of Americans — are you tracking nicely? Yahoo Finance
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- How Much People Want In Retirement Vs. How Much They Have Financial Samurai
- Retirement Savings 2023: Here’s How Much the Average American Lost In Retirement Savings in the Past Year Yahoo Finance
- When It Comes To Preparing For Retirement, When Is Enough, Enough? FedSmith.com
- View Full Coverage on Google News
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