About 57% of Americans say they're behind on their retirement savings. Only 15 percent feel ahead where they should be, highlighting a savings crisis.
The importance of starting early cannot be overstated; even a small amount of investment in your 20s can yield substantial growth by your 60s.
According to Fidelity, by age 30, individuals should have at least an annual salary saved. By age 67, aim to have ten times your salary saved.
If you have an employer that matches your 401(k), take full advantage of it by contributing an equal percentage of your salary for maximum impact.
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