Money Management and Personal Finance | The Dough Roller
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Money Magazine this month published a chart that quickly tells you if you’re on track to retire at age 60. If you hope to retire at age 60, your savings should equal this number times your salary:
AT AGE
40
50
60
IF YOU EXPECT…
To have no pension or part-time job
3.5
8.5
16.0
To work part time
3.1
7.5
14.0
To have a pension
2.2
5.4
10.0
The chart assumes [...]
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