If you're 50 and make $300k per year, you should have this much saved for retirement - are you on track?

Retirement planning is truly a marathon, not a sprint. It's essential to regularly monitor progress to ensure you're on track for your desired future.

As inflation relentlessly erodes purchasing power, the demand for a realistic, proactive approach to retirement planning grows even more urgent and critical.

For individuals aged 55, the recommended retirement nest egg stands at $1.68 million, reflecting not only personal living costs but also healthcare and housing expenses that continue to rise.

Recognizing the cumulative impact of inflation on retirement savings is vital, and plans must adapt to encompass these escalating costs in your financial strategy.

Read at 24/7 Wall St.