How Much Money Should You Have Saved? (By Every Age!)

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Planning for retirement can feel overwhelming, but breaking it down by decade can help you stay on track with your financial goals. A common rule of thumb from financial experts is to save and invest a multiple of your annual income by certain age milestones. Doing this can help you to plan more efficiently from a financial perspective.

In this video, Karlton Dennis gives you his opinion as a multi-millionaire on how much you should have saved and invested by each decade of your life starting in your 20s. He also explains other financial goals you should have in order to set yourself up for success. Regular check-ins and adjustments are essential to make sure you stay aligned with your retirement timeline.

People who reach the milestones laid out in this video can stay on the path to building wealth and reaching financial success throughout their lifetimes. However, people who fail to reach these milestones on a regular basis, might struggle to retire early, or have a high level of financial comfort in their lifetimes.

CHAPTERS:
0:00 Intro
0:25 Your 20s
3:57 Your 30s
5:52 Your 40s
7:34 Your 50s
8:52 Your 60s
9:46 Subscriber Question
11:41 Outro

*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.

#savingmoney #retirementplanning #personalfinance