The general rule is to have at least 10 or 11 times your annual salary saved up by the time you retire. So, if you earn $80,000 when you retire, you’ll want to have a net worth of around $880,000 at that time.
Of course, this figure may change depending on your income level at the time of retirement and your future expenses.
To hit your target number, keep debt to a minimum and focus on acquiring valuable assets instead of liabilities. Avoid things like expensive cars that depreciate in value.