How much money should you have save by age 50?

By age 50, financial experts often recommend having saved about six times your annual salary. This can vary based on individual circumstances, such as lifestyle, retirement goals, and other financial obligations. Aiming for a retirement savings target of around $500,000 to $1 million can provide a comfortable cushion for retirement, but it's essential to adjust this figure based on personal financial plans and needs. Regularly reviewing and adjusting your savings strategy is crucial as you approach retirement.