Retirement

[Infographic] Are You on the Road to Retirement?

By Charles Sizemore  |  June 25, 2018

If you’re a Baby Boomer, it’s very likely that you have retirement on your mind.

Even if you love your job and have no immediate plans to stop working, there’s a certain peace of mind in knowing you can walk away when the time comes.

If you’ve regularly maxed out your 401k plan (or have even gotten close), you may have hundreds of thousands or even a couple million dollars sitting in your account. But with the cost of living what it is these days, can you be sure it’s enough?

According to the National Institute on Retirement Security, 92% of working households don’t meet the savings target they need to retire at age 67.

But there’s no magical age for retirement. The fork in the road doesn’t suddenly appear at age 67, 65, 60… or any other number.

It’s here right now, TODAY… no matter how old you are.

That’s because whether you’re 40, 50, 60, or somewhere in between, there’s never a better time than right now to make your financial independence and your retirement dreams a priority.

It’s important to recognize that every day, every month, or every year that you wait to fix it only puts you further and further behind.

So, ask yourself, where are you on the road to retirement?

In our latest infographic below, we map out where you SHOULD be, based on age and income.

Click the image below to check it out!

If you’re lucky enough to be on track, then congratulations, you’re officially one of the 8%!

But if you’re among the 92% of us who aren’t anywhere close to having enough saved, you might need to rethink your strategy.

Don’t worry. There’s still time to catch up, and I’ll help show you how it’s easier than you might think.

Check out our new infographic, Are You on the Road to Retirement?, to learn more.


Charles Sizemore

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Charles Sizemore

Income and Retirement Strategist, Charles Sizemore, CFA specializes on dividend-focused portfolios and building alternative allocations by finding value opportunities outside of the mainstream stock market.

Charles is the executive editor and portfolio manager for Dent Research's premium newsletters, Peak Income and Peak Profits.

He is also a frequent guest on CNBC, Bloomberg TV, Fox Business News and Straight Talk Money Radio, and has been quoted in Barron’s Magazine, The Wall Street Journal, and The Washington Post. He is a frequent contributor to Forbes, GuruFocus, MarketWatch and InvestorPlace.com.

Charles holds a master’s degree in Finance and Accounting from the London School of Economics in the United Kingdom and a Bachelor of Business Administration in Finance with an International Emphasis from Texas Christian University in Fort Worth, Texas, where he graduated Magna Cum Laude and as a Phi Beta Kappa scholar. MORE FROM AUTHOR