Are you on track?

Get your retirement savings factors.

Your retirement savings factors provide milestones for how much of your salary you should consider aiming to save by specific ages.

Are you on track?

Get your retirement savings factors.

Age

What is your age?

Retirement age

Choose the age you expect to retire.

The earlier you expect to retire, the more you may need to save.

Lifestyle

What do you think your lifestyle will be in retirement?

Choose "average" if you plan to maintain your current lifestyle in retirement. Choose "below average" if you plan on spending approximately 15% less than your current lifestyle. Choose "above average" if you think you'll spend about 15% more than your current lifestyle.

Get results

Based on your inputs, by age 35, consider aiming to have 3x (times) your salary saved for retirement.

Here are your estimated savings factors by age. (We round up to the nearest milestone age.) On track? Keep up the good work. A bit behind? Not to worry. It's never too late to catch up. You can save more, plan to retire later, rethink your lifestyle, or work in retirement, among other things.

Learn more

Visit our Planning & Guidance Center to help you create a retirement plan or investment strategy and to monitor your progress.

Important additional information

This information is intended to be educational and is not tailored to the investment needs of any specific investor.

Fidelity has developed a series of savings factors and salary multipliers in order to provide customers with one measure of how their current retirement savings might be compared with potential income needs in retirement. Fidelity's savings factors consider a user's current age, retirement age, and expected lifestyle in retirement. They are calculated for an assumed 1.5% constant real wage growth to potentially support a range of income replacement targets (assuming no pension income) through age 93. Fidelity assumed age-based asset allocations are consistent with the equity glide path of a typical target date retirement fund.

For the base case assumption of retirement at age 67 and the objective to maintain a lifestyle similar to before retirement, the income replacement target is 45% of annual preretirement income in pretax terms. The income replacement target is based on the Consumer Expenditure Survey (BLS), Statistics of Income Tax Stat, IRS tax brackets, and Social Security Benefit Calculators. The 45% income replacement target (excluding Social Security and assuming no pension income) from retirement savings was found to be fairly consistent across a salary range of $50,000 to $300,000. The target may have limited applicability if your income is outside that range. The savings factor target for the base case is estimated to be around 10x annual preretirement income.

For a below-average lifestyle selection, the income replacement target drops from 45% to 35% of preretirement annual income. For an above-average lifestyle selection, the income replacement target increases to 55% of preretirement annual income.

Fidelity developed the savings factors through multiple market simulations based on historical market data. These simulations take into account the volatility that a variety of asset allocations might experience under different market conditions. Given the above assumptions for retirement age, planning age, wage growth, and income replacement targets, the results were successful in 9 out of 10 hypothetical market conditions where the average equity allocation over the investment horizon was more than 50% for the hypothetical portfolio. Remember that past performance is no guarantee of future results. Performance returns for actual investments will generally be reduced by fees or expenses not reflected in these hypothetical calculations. Returns also will generally be reduced by taxes.

Volatility of the stocks, bonds, and short-term asset classes is based on the historical annual data from 1926 through the most recent year-end data available from Ibbotson Associates, Inc. Stocks (domestic and foreign) are represented by Ibbotson Associates SBBI S&P 500 Total Return Index, bonds are represented by Ibbotson Associates SBBI U.S. Intermediate Term Government Bonds Total Return Index, and short term is represented by Ibbotson Associates SBBI 30-day U.S. Treasury Bills Total Return Index, respectively. It is not possible to invest directly in an index.

We encourage you to build a retirement plan based on your personal time horizon, risk tolerance, retirement goals, and financial situation.

Retirement savings factors are hypothetical illustrations, do not reflect actual investment results or actual lifetime income, and are not guarantees of future results. Targets do not take into consideration the specific situation of any particular user, the composition of any particular account, or any particular investment or investment strategy. Individual users may need to save more or less than the savings target displayed depending on their retirement age, life expectancy, market conditions, desired retirement lifestyle, and other factors.