How much should you have in savings at each age?

[steve2470]

https://www.bankrate.com/banking/savings/how-much-do-you-need-in-savings-retirement-emergency-fund/

(I know this article will probably prove highly controversial, only presenting for critique and discussion)

You save to mitigate personal disaster.

Let’s zoom out from granular advice on maximizing returns on your taxable and retirement investments, or deep dives on CD yields or mortgage rates. At the most basic level, savings enable you and your family to enjoy the freedom associated with money and avoid the pain of debt.

There are two main reasons to set money aside: Insurance against bad financial weather and provision for your retirement. You might also save for a down payment on a house or for your wedding, but the first two are the must-haves.

Bad news: We’re not doing so well on either point. About half of Americans are at risk of lowering their standard of living in retirement, according to the Boston College Center for Retirement Research, while less than 20 percent of people feel very confident they’ll enjoy a comfortable retirement.