Retirement Savings

The Power of 15%

January 23, 2017
Saving this amount annually can help you fund a long retirement.

Key Points

  • Retirement can last 30 years or more so make sure you're doing what you can now to maintain your lifestyle during your post-working years.
  • We believe that investors should aim to save at least 15% of their annual income, including any employer contributions.
  • Even if you get a late start, saving 15% can help build your retirement savings.

A big impact over time

Contributing a few percentage points more a year could make a big difference in your retirement savings.*


A rate to help late savers, too

We believe that saving 15% can significantly build your retirement savings even if you get a late start.*


Your retirement income goes further

Setting aside 15% now can help generate a more powerful stream of income in retirement, even after accounting for inflation. That extra purchasing power can help you maintain your lifestyle after you stop working.*


Saving 15% today can help you maintain your lifestyle in a retirement that could last 30 years or more.

*All figures assume 7% annualized returns, a $50,000 starting salary at age 30, a 3% annual salary increase, a 4% annual withdrawal rate beginning at age 65, and 3% annual inflation unless noted. Numbers are rounded. For illustrative purposes only and does not represent performance of any particular security. Investment returns will vary and may be higher or lower than in this example. All investments involve risk, including possible loss of principal.


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