 TITLE: How Much Money Should You Have Saved by Age 50? CONTENT: Although there's no magic number that will guarantee you'll have saved enough money to retire worry-free, you can consider retirement savings guidelines that aim to help you figure out whether you're on track. Fidelity Investments suggests saving at least six times your annual salary by age 50 to retire comfortably at age 67, the age at which people born after 1960 are eligible to receive full Social Security benefits. This estimate assumes you are saving 15% of your income, plan to withdraw no more than 4% to 5% of your savings each year, and that you'll live a good long life to the age of 93.\nThe savings you'll need may be greater if you plan to retire earlier—or less if you continue working until maximum Social Security benefits kick in at 70. Lifestyle factors will also affect how much you need to save for retirement. Will you receive a pension from work? Do you anticipate major lifestyle changes, such as selling your home, traveling the globe or taking up expensive hobbies? END