Thursday, September 13, 2007

How do you measure up?

The list of 12 items from my last on a Healthy Financial Plan included retirement funding. (That was item #5)

In doing some reading today, I came across this very interesting chart. Based on your age and retirement Savings Value, what percentage do you fall into?

To be truthful, it doesn't really matter. The important thing is that you are saving for retirement and that you are doing it consistently.

Retirement Savings

Reported total savings and investments not including value of defined-benefit plans or primary residence, active workers by age group, 2007


Age group


25-34

35-44

45-54

55+

Less than $10,000

50%

36%

24%

26%

$10,000-$24,999

18

16

10

5

$25,000-$49,999

9

10

11

9

$50,000-$99,999

10

14

15

11

$100,000-$149,999

7

7

9

11

$150,000-$249,999

1

9

10

9

$250,000-$499,999

1

4

12

11

$500,000 or more

4

4

9

17

Note: Survey of 1,001 active workers.

Source: Employee Benefit Research Institute

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