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

This is how much money you should have saved by your age, in 2024. These numbers are updated to reflect the new balances of the population based on the Survey of Consumer Finances which is done by the Federal Reserve every few years.

My last video on this topic was back in 2021 and used the old set of data, so this video should be much more accurate. Again, we want to be aiming for higher than the numbers presented in the video, but always easier said than done. Let me know in the comments how much you have saved and your age!

https://www.empower.com/the-currency/life/average-net-worth-by-age
https://www.federalreserve.gov/econres/scfindex.htm

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Hello 👋 I’m Humphrey, I used to be a financial advisor, worked in gaming/tech, and started my own eCommerce business. I make practical, rational content on investing, personal finance, the news, and much more with a data-backed approach. My goal is to help you with financial literacy and creating wealth.

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⏱️ Timestamps:
0:00 - Start Here
0:24 - Age 20s
3:40 - Age 30s
8:09 - Age 40s
10:32 - Age 50s
12:29 - Age 60s