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3 easy retirement rules of thumb Forbes outlines three rules of thumb for retirement savings. First, clients can multiply their current salary by a certain number based on their age to know the amount they should save for their golden years, according to Fidelity Investments. For example, Fidelity suggests having savings equal to one year's salary at age 35; then two times at 40; three times at 45, and so on in increments up to age 60. Second, a couple who has earned a reasonable combined salary and qualifies for the maximum Social Security benefit is likely to get about $40,000 a year in retirement benefits, if they put off taking those benefits to the full retirement age. For more, remember that $1 million conservatively invested will generate $40,000 as well. So, for each $1 million you've saved, you double your Social Security income. If you only need $60,000 to live, you need just $500,000 to retire. Finally, make sure your investments perform. A well-invested portfolio is likely to double in value every 10 years or so. So if your plan is to get to $1 million, you have to have $500,000 about a decade before your retirement target; and $250,000 about two decades before your target retirement age, and so on. --Forbes

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