I have seen the basic milestones before of 1X salary by 30, 3X by 40, etc. This seems rather arbitrary since income changes, sometimes quickly. I also know that a more realistic benchmark for being prepared for retirement is having 25X or 30X your annual spending.
Is there some sort of outlined benchmarks based on the annual spending instead? Like having 3X annual spend by 30, 7X by 40 or something?
Submitted March 28, 2021 at 07:22PM by ac9116 https://ift.tt/2QH5Mul
