News release: “Fidelity Investments® today outlined an easy-to-understand set of savings guidelines to help workers evaluate whether they are on track to meet their income needs in retirement based on their current savings. According to Fidelity’s calculation, most employees should aim to save at least 8 times their ending salary in order to meet basic income needs in retirement. While every individual’s situation will differ greatly based on desired lifestyle in retirement, the average worker may replace 85 percent of his pre-retirement income by saving at least 8 times his ending salary3. In order to reach the 8X level by age 674, Fidelity suggests workers have saved about 1 times their salary at age 35, 3 times at age 45, and 5 times at age 55.”