What percent of minimum wage should I save from today,if I expect a certain percent of the then minimum wage,as income from corpus,after retirement?
What is the average 401K balance for a 65 year old?
To help you maximize your retirement dollars, the 401k is an employer-sponsored plan that allows you to save for retirement in a tax-sheltered way.
The Average 401k Balance by Age.
| AGE | AVERAGE 401K BALANCE | MEDIAN 401K BALANCE |
|---|---|---|
| 35-44 | $86,582 | $32,664 |
| 45-54 | $161,079 | $56,722 |
| 55-64 | $232,379 | $84,714 |
| 65+ | $255,151 | $82,297 |
How much Social Security will I get if I make $75000 a year?
about $28,300 annually
If you earn $75,000 per year, you can expect to receive $2,358 per month — or about $28,300 annually — from Social Security.
How much do I need to retire on $100000 a year?
Single – Super retirement balance needed to provide an annual retirement income of $100,000
| Years super lasts | 2% | 7% |
|---|---|---|
| 25 years | $3,795,000 | $1,830,000 |
| 30 years | More than $5m | $2,355,000 |
| 35 years | More than $5m | $3,535,000 |
How much super does the average 50 year old have?
See how your super measures up against your age group
| Age | Men ($) | Women ($) |
|---|---|---|
| 35 – 44 | $132,500 | $88,800 |
| 45 – 49 | $198,800 | $126,900 |
| 50 – 54 | $247,300 | $152,700 |
| 55 – 60 | $293,000 | $192,000 |