Measuring Up

Posted by Marc in Cool Links, Tidbits      No comments

Mar
23

From the Wall Street Journal
Source: Dorman Farrell LLC

Age___Savings to Income___Debt to Income
30___________0.1_____________1.70
35___________0.9_____________1.50
40___________1.8_____________1.25
45___________3.0_____________1.00
50___________4.5_____________0.75
55___________6.5_____________0.50
60___________8.9_____________0.20
65___________12.0_____________0.00

An example: If you are age 50 earning $100,000, you should have $450,000 in savings and $75,000 of debt.