How Much Money You Actually Should Have Saved By Age (2024)

Let me know how much you haved saved by leaving a comment (if you're comfortable). Thanks for watching 👊

When you say ''Saved up'',do you mean cash money or stocks/mutual funds as well?

I'm in my mid 30s and I have about $250-260k saved up. By the end of my 30s I should have somewhere between $300-320k.

I❤u Humphrey!!!

Thanks these vids are so helpful! I'm 24yrs old with 62k net worth. I'm saving 52% of my income and hope to retire earlier than 66yrs old.

I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Miller.

I only got $5K in saving and I'm almost 40. If I don't win the lottery, will be working forever, no retirement.

26
Student loans :$60k
Car loan: $20k
Income: $100k
🥲

About to turn 21 and pushing a 100k!

37 and I ain’t got chit .

Thanks for this video, Humphrey. It's good to know the numbers❤

I think for a lot of people, not having kids or a home is the only way to make retirement possible. I'm in the camp where I could have either-or but not both.

540k net worth at 37. But only 130k in retirement with 125k family income. On pace with net worth but need more in my retirement accounts.

Thanks for educating us Humphrey! This information is good to know.

Age 35 - 400K net worth.

51 years old, $1.25 million in the 401k, $125,000 investments, $45,000 savings & still owe $95,000 on the mortgage. Hoping to retire at 60 🤞🏻🤞🏻

I am 50 and right on the average net worth not including the house. If I should include the house in net worth then I am above average. Looks like I am tracking well even though my fire number is 3 times as much.

Great video!!!!

I’m 57 with 1.8M saved.

You are definitely out of touch, very few people have that much money overall

It’s never straight forward. It’s more about behavior than numbers. I just turned 40 and don’t have anywhere near 3x my salary in my 401k. However, it’s well over 3x the average salary. That formula doesn’t account for income growth. As long as you’re putting 10+% aside and live below your means you’ll be fine!😊

I'm 36 and make 70k a year. I have 100k in my savings. 100k in my 401k.

How much of people’s net worth is based on real estate?

You're a catalyst for change! 🌊 _ "Success is not the key to happiness.. Happiness is the key to success.. If you love what you are doing, you will be successful.."

When you say "net worth" are you accounting for mortgage debt in the calculation? I feel like it'd be pretty wild for a 30 yr old to have a positive net worth if they also have a mortgage...

U got it!😜

I’m 52 yrs old, 535k on 403b, 75k on personal investment and 25k on roth ira. I have 90k left on my home.

Look at the emoji for 50s. Wtf. Looks like an 80 yr old. This guy must be like 25.

Many people have become millionaires in trading because with the leverage involved in trading, people can make a fortune or lose it all very quickly so you need care

Very sad that in the USA you graduate and you have debt. It doesn’t happen in Europe where Universities cost a few thousands per year.

Would like to know those numbers are per person or per household

Absolutely love your content, wisdom and the energy you put into your videos. Your knowledge and presentation is contagious. Subscribed.

I'm 35, my net worth not including my house is 3.5X my salary and I still feel like I'm behind....

Crazy that he mentioned Pokemon and im a pokemon investor/collector

26 years old, net worth of ~175k. Definitely fortunate with turning 6 years of college into nearly 6 figures just 2 years into the workforce, and I’m extremely frugal. Net worth would be over 200k if not for wanting the nicer cars earlier in life but current car was bought in cash and only debt is 4500 in student loans at low interest (paying minimums because the rate is much lower than even my high yield savings). I feel fortunate to be where I am but also feel like I have miles upon miles to go so not letting up any time soon.

The issue with these formulas is that they're broken when working at a top tier tech firm. I'm in my mid thirties making ~500K. Let's say my salary doesn't change by 40, then the formula presented insinuates I should save $3M by retirement? Yeah...not going to happen. It's why I don't like any of these formulas. I am extremely frugal but these formulas don't work for higher income people.

22 400k

What 20 year old is making $75k

This foo on crack with these numbers

26 years old, $60k net worth, $30k in retirement account, $10k emergency fund, remainder in brokerage account and estimated value of my truck (depreciating asset)

I am 50 years old I have three years left on my house. And I have A little over 500 K.

Mine sucks but I’m 38 with 18,000. I don’t own a home. I don’t have a car payment. I’m single with no kids. Hopefully I can save more. I want to retire at 60. 😭

I'm 42 and currently have $315K in 401K & $51K in HSA. Wife has $77K IRA. $170K in Stocks Account. I'm hoping to reach $1M by the age 50. All index funds full risk on. We Max out contributions every year. Credit score over 800.

Great info throughout; however, I disagree with the blanket statement of paying off your home. I know many people who have an interest rate on their home of less than 3%. With current fixed interest options they would be better off investing those extra dollars safely and continuing to make minimum payments on their mortgage. (Not including the fact that your mortgage interest is tax deductible, and many people’s effective interest rate is sub 2% right now.

I’m 18 years old about to turn 19 years old this June but I have saved up 10,200 and have stocks mostly VOO but I have 1200 in my checking for bills and stuff my my bad told me I don’t have enough money in my savings and idk if he’s right or not what do you guys think?

Day 20 of asking for a video on how to save for things we want to buy like that new pc or car or not needs but how to do it while staying on track with emergency fund and retirement

On great track
Age 31
300k in investments
40k cash
180k in equity

About 1.7x saved up annual salary.
Projecting to be a millionaire by 37 and liquid millionaire non-real estate by 39.

46. Salary is $150/yr. Net worth is $800k. Retirement is $500k. I recently decreased my retirement contributions to 15% to focus on paying off the mortgage and building my brokerage account.

why the salaries go down when the age groups go up?

(a) a lot of my net worth is in my house, so not at all liquid/available (i guess I could borrow against it, but...); if I count home equity, then well above median/just below average; if I don't count home equity, then well below median for my age (58)
(𝐛) 𝐈 𝐠𝐞𝐭 𝐚 𝐦𝐢𝐥𝐢𝐭𝐚𝐫𝐲 𝐫𝐞𝐭𝐢𝐫𝐞𝐦𝐞𝐧𝐭 𝐬𝐭𝐢𝐩𝐞𝐧𝐝 𝐚𝐬 𝐰𝐞𝐥𝐥 𝐚𝐬 𝐕𝐀 𝐝𝐢𝐬𝐚𝐛𝐢𝐥𝐢𝐭𝐲, 𝐬𝐨 𝐠𝐮𝐚𝐫𝐚𝐧𝐭𝐞𝐞𝐝* 𝐦𝐨𝐧𝐭𝐡𝐥𝐲 𝐢𝐧𝐜𝐨𝐦𝐞 (*𝐨𝐬𝐭𝐞𝐧𝐬𝐢𝐛𝐥𝐲, 𝐬𝐨 𝐥𝐨𝐧𝐠 𝐚𝐬 𝐂𝐨𝐧𝐠𝐫𝐞𝐬𝐬 𝐝𝐨𝐞𝐬𝐧'𝐭 𝐫𝐞𝐧𝐞𝐠𝐞 𝐭𝐡𝐞𝐧 𝐈 𝐧𝐞𝐞𝐝 𝐥𝐞𝐬𝐬 𝐢𝐧 𝐬𝐚𝐯𝐢𝐧𝐠𝐬/𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭𝐬)...𝐡𝐨𝐰 𝐝𝐨 𝐈 𝐟𝐚𝐜𝐭𝐨𝐫 𝐭𝐡𝐚𝐭 𝐢𝐧𝐭𝐨 𝐦𝐲 𝐧𝐞𝐭 𝐜𝐚𝐥𝐜𝐮𝐥𝐚𝐭𝐢𝐨𝐧 𝐰𝐨𝐫𝐭𝐡?