{
    "success": true,
    "data": {
        "id": 1940194,
        "msgid": "benchmark-for-ideal-savings-amounts-at-ages-30-40-50-according-to-experts-1787709047",
        "date": "2026-08-26 07:50:02",
        "title": "Benchmark for Ideal Savings Amounts at Ages 30, 40, 50 According to Experts",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Finance",
        "summary": "Fidelity Investments recommends having savings equivalent to ten times annual income by age 67 to maintain one's lifestyle in retirement. The guidance sets progressive targets, from one times annual income at age 30 to six times at age 50. Starting to save 15 per cent of annual income from age 25 is advised to benefit from compound interest.",
        "content": "<p>Retirement often feels distant, but financial needs in old age should\nbe prepared for early so they do not become a burden later. Saving and\nbuilding a retirement fund from now is an important step to ensure old\nage remains secure and financially independent.<\/p>\n<p>According to Fidelity Investments, one benchmark in preparing for\nretirement is having savings equivalent to 10 times annual income by age\n67. This calculation includes all funds held in retirement accounts and\ninvestments.<\/p>\n<p>The recommended savings targets by age are as follows:<\/p>\n<ul>\n<li><p>Age 30: equivalent to 1 times annual income. For example, with a\nsalary of Rp10 million per month, the savings target is Rp120\nmillion.<\/p><\/li>\n<li><p>Age 40: equivalent to 3 times annual income.<\/p><\/li>\n<li><p>Age 50: equivalent to 6 times annual income.<\/p><\/li>\n<li><p>Age 60: equivalent to 8 times annual income.<\/p><\/li>\n<li><p>Age 67: equivalent to 10 times annual income.<\/p><\/li>\n<\/ul>\n<p>These guidelines assume a person wishes to maintain a relatively\nsimilar lifestyle after retirement, neither reducing nor increasing\ntheir consumption patterns. To achieve these targets, Fidelity suggests\nsetting aside around 15 per cent of annual income starting from age\n25.<\/p>\n<p>The earlier the habit of saving begins, the greater the chance that\nretirement funds will grow optimally. A long time horizon allows\ncompound interest to work and accelerate the growth of accumulated\nfunds.<\/p>\n<p>In addition to saving regularly, retirement funds can also be\nallocated to investment instruments that match one\u2019s risk profile and\ninvestment time frame. When income increases, the portion allocated to\nsavings and investments should also be raised so that lifestyle growth\ndoes not erode the ability to prepare for retirement.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/benchmark-for-ideal-savings-amounts-at-ages-30-40-50-according-to-experts-1787709047",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}