How To Save Six Times Your Income By Age 50

Whether your 50s seem far off, or just around the corner, it’s crucial that you’re working toward saving up for your retirement so that you are financially confident once you get there. In fact, a 2020 survey by the Transamerica Center for Retirement Studies found that fewer than half of retirees (47%) believe that they’ve built a large enough nest egg to fund their retirement years.

To help you keep track of your own savings as you get closer to retirement, experts at Fidelity Investments suggest having six times your income saved by your 50th birthday in order to retire by age 67.

If Fidelity’s benchmark seems like a tough hill to climb, below are three financial habits to develop by the time you turn 50 to help you achieve it.