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Most Americans are worried about money, especially when it comes to retirement.
A 2025 survey by Capital One and The Decision Lab found that 77% of U.S. adults feel anxious about their personal finances.
One way to deal with this anxiety is to check whether your retirement savings are on track depending on your age and income.
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Financial giant T. Rowe Price has published retirement savings benchmarks to aim for depending on age and salary. They can help you understand whether you’re on track, or behind, and motivate you to take action if necessary.
Here’s a closer look at those suggested figures.
How much you should have saved in your 30s
T. Rowe Price suggests having 1x to 1.5x your annual income saved by your mid-to-late 30s.
That means if you earn $70,000 annually, you should have from $70,000 to $105,000 in financial assets to be on track for a comfortable retirement.
Your 30s are a critical time to start building momentum with your savings. On one hand, your income is probably accelerating as you start to make strides in your career. On the other, this period can involve some of your biggest expenses, such as buying a house or starting a family.
Those types of big costs can make it more difficult to save. But with platforms like Acorns, you don’t even have to think about it.
Every time you make a purchase on your credit or debit card, Acorns automatically rounds up the price to the nearest dollar and places the excess into a smart investment portfolio. That way, even your essential spending translates to money saved for the future.
When you sign up now, you can get a $20 bonus investment.
Read more: You don’t have to be a millionaire to gain access to this $1B private real estate fund. In fact, you can get started with as little as $10 — here’s how
How much you should have saved in your 50s
Once you’re in your 50s, T. Rowe Price suggests you should have 3.5x to 5.5x your annual income saved. For example, if your annual income is $100,000, you need up to $550,000 saved in total assets.
They also suggest ramping up your yearly savings rate to 15% of your income or more.
As you increase the amount you’re saving and investing, it’s important to diversify your assets. Diversification is the cornerstone of a robust investing strategy because it helps protect you from any one investment dropping in value.
One way to invest in gold that also provides significant tax advantages is to open a gold IRA with the help of Thor Metals.
Gold IRAs allow investors to hold physical gold or gold-related assets within a retirement account, thereby combining the tax advantages of an IRA with the protective benefits of investing in gold, making it an attractive option for those looking to potentially hedge their retirement funds against economic uncertainties.
To learn more, you can get a free information guide that includes details on how to get up to $20,000 in free metals on qualifying purchases.
Another way to diversify is by investing in real estate.
One way to do this is by purchasing rental properties and becoming a landlord. But for the average American who wants to avoid the need for a hefty down payment or the burden of property management, crowdfunding platforms like Arrived make it easier to slice yourself up a piece of that pie.
Backed by world class investors like Jeff Bezos, Arrived allows you to invest in shares of rental homes with as little as $100, all without the hassle of mowing lawns, fixing leaky faucets or handling difficult tenants.
The process is simple: Browse a curated selection of homes that have been vetted for their appreciation and income potential. Once you find a property you like, select the number of shares you’d like to purchase, and then sit back as you start receiving any positive rental income distributions from your investment.
Homeshares provides accredited investors with access to the $34.9 trillion U.S. home equity market, which has historically been the exclusive playground of institutional investors.
With a minimum investment of $25,000, investors can gain direct exposure to hundreds of owner-occupied homes in top U.S. cities through their U.S. Home Equity Fund — without the headaches of buying, owning or managing property.
Homeshares offers risk-adjusted target returns ranging from 12% to 18%, and is an effective, hands-off way to invest in owner-occupied residential properties across regional markets.
How much you should have saved in your 60s or near retirement
According to T. Rowe Price, the average 60-something needs between 7.5x to 13.5x their annual salary in net assets to retire comfortably. This means if you’re earning $120,000 you may need up to $1.62 million saved in total wealth to consider leaving the workforce.
Keep in mind that these benchmarks are general rules of thumb based on a 4% withdrawal per year in retirement. Your target could be very different from T. Rowe Price’s suggestions depending on your retirement goals. That’s why it can be worth meeting with a qualified financial advisor, who can ensure you have a personalized plan for your unique retirement goals.
With Advisor.com, you can find a trusted partner to guide you every step of the way.
Advisor.com matches you with vetted financial advisors that offer personalized advice to help you to make the right choices, invest wisely, and secure the retirement you’ve always dreamed of. Start planning early, and get your retirement mapped out today.
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This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
