Joe finds a new job and at age 35 is now making $55,000 a year. At this point he should have $82,500 saved for retirement.
How to get there: Check in on your portfolio to make sure you're taking on enough risk to grow your investments. If retirement is 30 years away, you should have about 80% of your assets in the stock market.
When you switch jobs, you must decide what to do with your 401(k) from your old company. To avoid a 10% penalty for cashing out early, think about moving the funds into your new company's 401(k) or a rollover IRA, or leaving the money where it is.
