If you are in your mid-30s, approx. how much should you have saved for safe retirement at 65?

Question

If you are in your mid-30s, approx. how much should you have saved for safe retirement at 65?

Answer 1

Depends on what you will need for a safe retirement.  do you want 50K/year or 100K/yr in today's dollars ?  

But for your question I'll make the following assumptions

30 Year Time Frame

You want 1,000,000 at retirement to generate about 50K+ in income

You will save 6K every year for the next 30 years.

You will earn about 5% every year.

Your current saving should be around $130,000 to meet the above goal.

Also if you have a large mortgage then by building equity (paying down the mortgage), you are in fact also saving yet this amount will not show up in your savings account.