How much should I aim to save for retirement by age [30/40/50]?

Great question! While the exact amount to save for retirement can vary depending on personal circumstances like income and lifestyle, here's a general rule of thumb:

By age:

• 30: Aim to have the equivalent of your annual salary saved. If you earn $50,000 a year, you should try to have $50,000 in retirement savings.
• 40: Try to have three times your annual salary saved.
• 50: Aim for six times your annual salary.

Remember, these are just guidelines! It's okay if you're not quite there yet. The important thing is to keep making consistent contributions to your retirement savings. And remember, it's never too late to start!

Here's how you can start or ramp up your savings:

• Set specific savings goals using BearSavings' Savings Goals Tracker.
• Try our Daily Challenges to build good financial habits.
• Prioritize high-interest debt to free up more money for saving.

And remember, I'm just a bear, but even bears know that slow and steady wins the race! So, keep plugging away at those savings. You've got this!