How Much You Should Have Saved by 60 (Are You Ahead or Behind?)

How much should you actually have saved by age 60? If you've Googled it, you've probably seen wildly different answers — 6x your salary, 8x, even 10x. In this video, we break down where those "rules of thumb" really come from, what the typical 60-year-old actually has saved according to the Federal Reserve, and a little-known 2025 tax rule that lets people aged 60 to 63 shelter tens of thousands of dollars more than everyone else. You'll learn: Why the "8x your salary by 60" rule doesn't apply to most people, and where the number actually comes from What real households aged 55-64 have saved for retirement (spoiler: it's not what the financial headlines say) The difference between an "average" and a "typical" savings number — and why that gap creates so much unnecessary anxiety Three practical filters to tell if you're actually ahead or behind, beyond a single dollar amount The new "Super Catch-Up" contribution rule for ages 60-63, and how it can let you shelter over $140,000 in additional tax-advantaged savings in just four years Three simple, no-spreadsheet-required steps you can take this week to get ahead 📚 Sources referenced in this video: Federal Reserve Survey of Consumer Finances (federalreserve.gov) IRS retirement plan contribution limits and the SECURE 2.0 Act "Super Catch-Up" provision (irs.gov) Fidelity retirement savings guidelines (fidelity.com) T. Rowe Price retirement benchmarks (troweprice.com) ⚠️ Frank is a narrated, illustrated persona created for this channel to make retirement topics easier to follow. He is not a real person and not a licensed financial advisor. Everything in this video is for general education and informational purposes only — it is not personalized financial, tax, or legal advice. Every family's situation is different, so please talk with a certified financial advisor or a trusted CPA before making any major decisions with your money. If this video helped make retirement planning feel a little less overwhelming, subscribe to Retirement Untangled for more clear, no-jargon breakdowns of the money decisions that matter most as you approach retirement. #RetirementPlanning #RetirementSavings #401k #SocialSecurity #FinancialFreedom #RetirementUntangled #SavingForRetirement #PersonalFinance