Retirement Savings at Age 38 Earning $500,000/Year
How much you should have saved, your projected retirement nest egg, and monthly income estimates using the 4% withdrawal rule.
Projected Savings by Contribution Rate
| Saving Rate | Monthly | At Age 67 | Monthly Income* |
|---|---|---|---|
| 10% | $4,167 | $2,729,732 | $9,099/mo |
| 15% | $6,250 | $4,094,598 | $13,649/mo |
| 20% | $8,333 | $5,459,464 | $18,198/mo |
| 25% | $10,417 | $6,824,330 | $22,748/mo |
* Monthly income based on 4% withdrawal rule. Assumes 4% real return (7% nominal â 3% inflation). Starting from $0 today.
Savings Milestones (at 15% savings rate)
Retirement Planning at Age 38
At age 38, you're in the prime wealth-building years. Financial advisors recommend having 3Ã your salary ($1,500,000) saved by now. With 29 years remaining, increasing your savings rate can still dramatically impact your retirement outcome.
Use our FIRE calculator for early retirement scenarios, or check our net worth benchmarks at age 38.
Retirement at Age 38 â Other Income Levels
Retirement Savings by Age
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Net worth benchmarks at age 38
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