ThePowerOfGeek , 4 months ago

From the article, Here are the median amounts of what individuals currently have saved for retirement, categorized by age:

Age Range Median Retirement Savings

Under 35 $18,880

35-44 $45,000

45-54 $115,000

55-64 $185,000

65-74 $200,000

75 or older $130,000

Source: Federal Reserve

What you actually need for a 25 year retirement varies a lot based on your location. From memory they said Miami, FL would review about $1.1m, while McAllen, TX would require about $570k.