How much money you need to save to retire by age 65, according to Stanford researchers via CNBCMakeIt
If you want to retire by age 65, you should be setting aside 10-17 percent of your income. And that's if you start saving as early as age 25.
That's what researchers at the Stanford Center on Longevity determined in a 2018 report that evaluated how prepared American families are for their golden years by comparing how much they're currently saving to how much they should be saving. The BC CRR found that workers who start saving at age 25 need to save 10 percent of their income to retire at age 65 at their current standard of living, while Aon suggested saving 17 percent.
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