How Much Should the Average Middle-Class Boomer Have in Savings?

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Baby boomers in America are at or nearretirement.

So how much should the average middle-class boomerhave in savingsin order to comfortably weather their golden years?

The idea is to save 25 times your estimated annual retirement expenses which assumes a 4% annual withdrawal.

(For the purposes of this model, we use annual income to signify pre-retirement living expenses).

Finally, multiply that number by 25.

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