The most common rule of thumb is 10 to 15 times your annual income. It's a fine starting point, but the right number depends on what your family would actually need to stay on track.
Add up the obligations
- Outstanding mortgage and debts
- Years of income replacement
- Future costs like college
- Final expenses
Subtract existing savings and any employer coverage, and you have a realistic target. We'll build this with you in a few minutes. No pressure, no jargon.