**Rule of Thumb: When 4% covers 80% of your pre-retirement income.** There's a whole industry of professionals dedicated to answering this question considering your specific circumstances… but here are some gross rules of thumb. [[The 4% Rule]] - your annual income needs divided by 0.04 Annual Income needs vary highly, but average out to be about 80% of what they were pre-retirement. Target Retirement Savings by Age | Age | Annual Salary | | --- | --- | | 30 | 1x annual salary | | 40 | 3x annual salary | | 50 | 6x annual salary | | 60 | 8x annual salary | | 67 | 10x annual salary | Note: your [[Tax-Advantaged Accounts]] have constraints about when you can take distributions without incurring penalties. # More ## Source - [How Much Money Do I Need to Retire?](https://www.investopedia.com/retirement/how-much-you-should-have-saved-age/) ## Related - [[Age to Retire]] - [[Retirement Index]] - [[FIRE]]