From the Wall Street JournalSource: Dorman Farrell LLC
Age___Savings to Income___Debt to Income 30___________0.1_____________1.70 35___________0.9_____________1.50 40___________1.8_____________1.25 45___________3.0_____________1.00 50___________4.5_____________0.75 55___________6.5_____________0.50 60___________8.9_____________0.20 65___________12.0_____________0.00
An example: If you are age 50 earning $100,000, you should have $450,000 in savings and $75,000 of debt.