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How much you should have in your retirement fund at every age

GOBankingRates Logo By Roger Wohlner of GOBankingRates | Slide 1 of 12: If you're counting on Social Security to fund your retirement, you might want to think again. In a recent interview with Politico, Sen. Marco Rubio said the GOP is considering major structural changes to Social Security and Medicare to reduce the deficit. With less help from the government, it's important to start saving now to protect yourself and your loved ones during your golden years. There are numerous studies and theories about how much you should have saved for retirement, emergencies, necessities and other expenditures. For example, studies by Fidelity and T. Rowe Price show the retirement savings benchmarks for where you need to be, starting at age 30. Both studies stress the need to save early, maintain a significant level of contributions throughout life and maintain an age-appropriate allocation to equities throughout.Don't wait for retirement to sneak up on you. Here are some expert tips for getting your retirement fund in order before you leave the working world behind and how to progressively grow your emergency fund.

Your Retirement Fund at Every Age

If you're counting on Social Security to fund your retirement, you might want to think again. In a recent interview with Politico, Sen. Marco Rubio said the GOP is considering major structural changes to Social Security and Medicare to reduce the deficit. With less help from the government, it's important to start saving now to protect yourself and your loved ones during your golden years.

There are numerous studies and theories about how much you should have saved for retirement, emergencies, necessities and other expenditures. For example, studies by Fidelity and T. Rowe Price show the retirement savings benchmarks for where you need to be, starting at age 30. Both studies stress the need to save early, maintain a significant level of contributions throughout life and maintain an age-appropriate allocation to equities throughout.

Don't wait for retirement to sneak up on you. Click ahead for some expert tips for getting your retirement fund in order before you leave the working world behind and how to progressively grow your emergency fund.

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