How Much Money YOU HAVE TO SAVE (By Age)

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Title	:	How Much Money YOU HAVE TO SAVE (By Age)
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Correct me if i am wrong but even with 75 every year, the 600k wont as having 600k today Perhaps in 50 years with 600k you can buy 2 cars instead of 1 😛
Comment from : Andrew Karampatsos

I respect your work mate TA is good but I find it truly baffling that all major crypto youtubers just look at pure TA and completely Ignore the bigger narrative of why BTC Is dumping and why the future outlook might not be as rosy as it seems it's kinda irresponsible to ignore the fact that each ETF launch so far has caused a major dump at the peaks of BTC We were already on shaky footing with historically Low volume and almost pure whale dumps, narrowly avoiding a long-term bear market more emphasis should be put into day trading as It is less affected by the unpredictable nature of the Market I have made over 9btc from day trading with Godfrey Witty, insights and signals in less than 3 weeks, this is one of the Best medium to backup your assets incase it goes bearish
Comment from : Russell Alison

Thanks you for making videos about investing in the future for idiots like me Keep up the amazing work
Comment from : KonfigPL

Im in the Uk and been saving since I could, but investing seems like a really abstract thing to me Yes, buy shares, but which ones? How does it look in practice if you do it online step by step? Are you free to withdraw at any time, is it immediate? What are the tax implications? Do i need to declare investments growing as income now or in the future? Will it affect my ability to claim benefits in the future if i fall on hard times (although regular savings would do this over a certain threshold anyway)? Is it better to max out pensions first?brbrbrMost of my savings went towards a house so now im starting from the bottom again and have a lot of questions i cant really find direct answers too!
Comment from : J Minsh

Age 20, at uni and run a businessbrbr105k savingsbr320k buy to let property in UK (50k equity in, rest finance and mortgage)brPensions 25kbrISA 18k only started this year :)brNo money in LISA, it’s a scambrCar, bikes and other liabilities 25kbrbr£410 in credit card debt, paid beck every month
Comment from : Sam _Packer

This may be me being ignorant, but I always thought student loans (in the UK) were basically irrelevant, at 30k a year you pay something like £40 a month don't you? It's less than an avergae phone contract - on a side note a lesson like this in school, just ONE lesson, and my current life would likely be much different than it is now School really needs to teach people about money
Comment from : Ron Swanson

well cash is actually pretty good at the moment with rates being high and they will probably remain high for a while SP500 could easily sell-off over the next 6 months Cash could become King once again
Comment from : Boom Bust Invest

100 dollars a month for 50 years… 100 dollars in todays money was worth 791 dollars in 1970 brbr50 years ago 100 dollars a month was a sizeable amount to be saving Adjusted for inflation you wouldn’t have paid in 60k in todays money so you shouldn’t value the investment it at 600+ in todays money It is misleading brbrYou also have to factor in the earnings of a youngster are far far lower and thus the 100 dollars for me at 52 years old feels like nothing But even 30 years ago that would’ve been a lot Much of it would have been eroded by emergencies, car breakdowns etc unless I had been also saving another 100 a month for contingencies brbrIt is a nice throw away message to invest but the maths is deeply flawed and this takes away from the credibility of this channel
Comment from : Ian Macleod

These are very valuable info for anybody who wants to get rich Unfortunately, most people who will watch this video will not really be able to apply the principles We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit I just don't know how they do it I have about $109k now to put in the market
Comment from : Franklin Williams

Sasha, you missed the point what am I supposed to do with the 17 million? I withdraw 50,000 every year to support my lifestyle after 17 and yet if I die at 19 and I have the 17 million still what was the point in saving it in the first place?
Comment from : Flem

besides the bank where can i double my money, I believe the bank is ripping me off
Comment from : Daloris Cutone

I'm 42, I have around £300k invested 100 in equities in various pension funds globally that I manage A small defined benefit pension of about £17k, £75k in cash in high-interest saving accounts because we plan to buy a property abroad soon, £10k in JISA's for the kids a mortgage of £170k on a £650k property I invest the full amount now of £60k per year in my pension to catchup to my target and I started maxing it out only 2yrs ago Before this I was only investing about £15k per yr so losing many tax incentives Turning 40 was a wake up call for me
Comment from : sl0w_racer

Not to be a downer but I don’t think the math works like that, 600 $ a month with 7 return and 0 inflation for 40 years for some reason doesn’t equal 600$ with 9 return and 2 inflation, even if you adjust for inflation the amount invested every month (you add 2 every year) I tried it just by brute calculation for a couple of years and I don’t know why but it doesn’t work, it starts to deviate
Comment from : ThhVkk

Im 31 and have 8 euro in the bank I need to start saving
Comment from : De Van Man

Thanks for the video Sasha!brbrWhen people say "Just stick it in the S&P 500" What does that actually mean? Where can I just stick it? Is there a website or a link where I can sign up and "Just stick it"? Thanks
Comment from : Robert Kwan

Does this include 401Ks and IRAs? Is that included in "savings" and how much you need to save by each age?
Comment from : Anders S

Bloody hell! The first 6minutes is completely off topic! 🤦‍♂️brbrbrSavings? What happens when my car tire has blown and I don’t have any savings(Which I do have savings), I don’t want to take it out of my investments losing out on that 75 🤦‍♂️
Comment from : Joshua King

NEVER save money! depreciation nowadays is the perfect example invest money! Im 36 and I have 3 flats, 2 are payd off, 1 is still on morgage but the renting is covering it If I saved that money now I would buy just 1 flat, maybe
Comment from : krassi dimitrov

I’m 27 £17,000 in my savings/emergency fund and £20,000 invested in a global index fund… I’d like to think I’m doing alright for myself, right?😂
Comment from : Nial

This theory is great but why would you want to leave 17m dollars in investments when your dead???
Comment from : bdux9

The greatest nation on earth uS of A has no money… lol
Comment from : CSK

Buy Tesla Stock
Comment from : Ruston Young

Hi Sasha, what does "execution-only service" means in the case of Trading 212?
Comment from : Counter Institute

people that save in a fiat currency are losers, inflation is going to eat all buying power out of you savings
Comment from : Tonny Pedersen

I came here to learn how to trade after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $160k Somehow this video has helped shed light on some things, but I'm confused about the current market volatility, I'm a newbie and I'm open to ideas
Comment from : Annie Zeng

Why's a welsh guy giving finance info with american $$$
Comment from : Mark G

I've gone from putting £100-£200 into my savings every month to taking £100-£200 out my savings every month Just to live in the same house
Comment from : Richard

If you wanna be successful, you most take responsibility for your emotions, not place the blame on others In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability There's always a risk in every investment, yet people still invest and succeed You must look outward if you wanna be successful in life
Comment from : Mitul Orlando

This seems good advice but worse case Assuming no state pension(uk) is very conservative advice Also most people in the UK have some form of workplace pension This might not get the returns talked about here but with the free money from your employer it's a no brainer There will help in retirement so you won't need this much Obviously more is better though
Comment from : AllTheGear

Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them Well, at least my advisor does too, jokingly
Comment from : charlotte pauline

Saving about a grand a month living with my parents
Comment from : Justdevonte

I will have about 400k saved up when I retire in 10 years time when I'm 60 brThat's MORE than enough to live on over the next ten or so years brI will collected state pension of 11 grand a year when I'm around 68 brAnd if I'm not dead by 75 brLike all people that age I know ,I won't need much money to be happy brThis million pound pension pots I hear about are ridiculousbrAnd the amount of people who die with 100s of thousands in the bank is unbelievable,do they not realise they can't take it with them ?
Comment from : chris hepple

This is very sound advice I regretfully put off starting an investment account for years because it was such a hassle These days, though, it is so easy Don't procrastinate because it does work for you constantly in the long run
Comment from : Justin Time EnglishClip

@sasha good educational video for young adults Thanks!brbrany thoughts on Invest Engine?
Comment from : FuriousGato

Is the poll correct?brbrSome people might pedantically distinguish between savings and investmentsbrbrSome people may say they have no savings but have pensions and investments
Comment from : IAIN M RODGERS

Let's say you're 35 and a median income earner in the my country, Malta and can't afford to buy a house like most people brbrA one bedroom apartment here costs 1000to rent per year and rental prices have been appreciating by 10 every year brbrA 10 rise in rent per year would make a 1000 euro per month one bedroom apartment would cost 17449 euros per month 30 years later brbrMedian wages are 24000 per year in Malta or about 2000 per month (before taxes) and 1600 after taxes brbrMeanwhile median wages have risen by a TOTAL of 4 in the last 10 yearsbrbrSo that's an annual increase of 04 per yearbrLet's run the math for 30 years brbrIn 2063brThe median wage would be 180303 euros per monthbrbrThe cost to rent a one bedroom apartment would be 17449 euros per monthbrbrI guess I need to learn how to live like a caveman 😂
Comment from : E T The Extra Terristrial

Im screwed 😢
Comment from : lopon12

All good until the government brings in CBDCs and resets the system
Comment from : Thomas Yates

At 50 we have put away around 400-500k and own a flat in Japan, that will be topped up over the next ten years with another 200-300k plus a full UK state pension * 2 when that kicks in Neither of us have any intention to retire; we'll just transition to hobbywork
Comment from : Space Channel Five

This 4 percent rule brSo why does anyone for examplebrIf they have 500k in there pot brOnly draw 4 percent per year from said pot so when they die ,they still have 500k in there pot brYou can't take ya lot with you
Comment from : chris hepple

Why wait till 70? You'll be dead soon, you could just blow the 17M
Comment from : Jo Po

Huge mention for the Durham at the start of this video!
Comment from : Mark Arnott

24YO, didn’t go Unibrbr£10,000 employment pensionbr£13,500 Lifetime ISAbr£4,000 S&S ISA (S&P500)br£12,000 Emergency fundbrbrCar paid off and no debt I was saving for a house but just quit my job to start a business So will be living off emergency fund savings
Comment from : Hadley _

Ridiculous generalization, it absolutely depends on what country you retire
Comment from : kipps guitar

Another reason why you want to save early is because some savings accounts - say tax free ones like ISAs, have a limit of 20k to how much you can pay into them So you don't want to find yourself in a situation where you can't pay more in, otherwise you're paying tax unnecessarily
Comment from : Atlas Network

In no way is this a criticism as I do enjoy watching your content but somewhat puzzled with your view on the S&P 500brYou say that it’s up considerably this year but if I look at vusa a S&P tracker it says it’s only up 36 YTD Is there some kind of amazing tracker I am missing?brAlso as there are lots of bank accounts offering 5 + is it worth opting for a tracker at all and stick with individual stocks as they offer a greater return
Comment from : Bankland

Anybody who is younger than 40 should not be saving now brbrThe economic order will be different in 5 years let alone 30, as we are now transitioning into a post scarcity world brbrWe have worked out how to replicate intelligence in machines so people should be learning how to have a good time
Comment from : TheReferrer

i have some hard data for you I have various pensions from various employers over the last 10 years They've all performed similarly They are all up about 30 in a decade I have been pushing o n it at my technical job for 25 years, and occupy the role of one of the highest paid categories of employee In 10 years, with several job moves, my salary has moved down in nominal terms In real terms in down probably 40 Also fiscal drag is a killer You go over 100k and get the chance at paying 60 tax You have to break above that to make any headway I honestly don't know how young people will be able to have kids In fact I think the powers that be have figured that no one can afford them, so they just outsource childrearing to low cost countries and import them when they are adults
Comment from : SuperCatbert

WOW, that's staggering and quite sad if so :/
Comment from : RJC101

unfortunately I'm 58, in the uk, and very much in the bottom 1 The idea of saving is hysterical, I haven't been able to afford heating for 7 years! I think you'll find there's a terrifying number in that 60 almost as fu*ked as I am! :)
Comment from : ROLEPLAYA64

Including people who prefer not to say to theorycraft 60 have saved less than $1000 is a big stretch IMO, we live in an age where generally it's better to not give out data, especially sensitive data such as how much savings you have so this struck me as a bit too much of a reach to try have a punchy start to the video, not right/wrong but I don't agree with what you've said and it feels misleading
Comment from : sosospirited

Most people cant save because all money goes on bills
Comment from : BenXL

Watching this just tells me that i really need a better paying job! I'm 40, been paying into an employer pension since i was 25, paying at 10 when i hit 30 My current estimated pot is around £250k, so clearly i need to be getting more going into investments etc, but there's not a huge amount of available cash left after all the bills have been paid 🫤
Comment from : RequiemWraith

I left home at 17 and have worked extremely hard to accumulate some assets, my plan is to pass on a property that’s been paid off to my daughter when she is old enough to be independent or start uni…plan is…she won’t have a mortgage to pay but whatever’s the rent/mortgage would’ve been she will allocate that money (which she would have had to pay to live in a similar property) into a pension plan The choice will be either get your own flat and pay rent…or live in my property for free and use that £ to pay into a pensionhope to god this works out 😂
Comment from : Jenny Li

I’ve worked minimum wage since 16, I’m 25 now brI’m 39k in stock isabr10k in H2B brAnd a few thousands in current account brI’m the least paid out of all my friends, but because I save 50 of my income, and I choose to live with my parents, I save a lot more
Comment from : josh holliss

Why bother with the 4 rule when you hit 70? Why leave $17M behind when you die - the government will get most of it? Spend it while you’re still here, spoil the people you love while you’re still alive and try to die with zero You don’t necessarily need $17M to retire, and you can retire comfortably on a lot less, a lot younger JS
Comment from : Phuk Ewe

Clown
Comment from : Paddy O Shocknasey

Up till now I have not been able to understand the money dynamics, I’m really bad at spending and investing, I really need professional help
Comment from : Valetino

Up till now I have not been able to understand the money dynamics, I’m really bad at spending and investing, I really need professional help
Comment from : Davis Sullivan

Why do you want 17M in your pension when you die? I never understand the logic of all pensions have to keep the pot static It's my money I want to spend it When I'm 70 I'm not going to be fit enough to enjoy it and when I'm 80 I'm really not going to be fit enough to enjoy it brDo the maths that you have nothing left when you are 90 and spend half the pot in the first 5 to 10 years when you have the fitness to do stuff that you couldn't when you were working!!
Comment from : Graham Thwaite

You started off with some sage advice but the second part with the "retire at 70" examples was not so helpful You can put together a good series on saving - investing - retiring but trying to fit everything in one video is not ideal You're a very clever and funny guy, I'd love you to break these subjects down and do a better job than the other tubers covering this content 🤞
Comment from : CPS

Sasha, your content is good Please consider quality of life updates for you videos, such as on screen text or pictures, so I know where to skip tobrOr bookmarked sections Or a summary closer at the end
Comment from : HF

With stress I’m under in life I’ll probably be dead before I can retire 😂
Comment from : David Betts

Invest in s&p500 or Berkshire Hathaway?
Comment from : AM Zilla

I'm poor, but it's ok, because I've been living off the taxpayer since 1982 I'm now 57, and have never worked for more than a year in all that time, but I don't have any debt I don't have any savings either No bills, no mortgage and no girlfriend
Comment from : SecretSoul

It’s absurd to plan your whole financial life around stock market giving you 75 every year
Comment from : Ivan Vinitskyy

Moving to Mexico once I’m ready F this rat race
Comment from : Midlife crisis

I’m currently 23 have about 8k in a LISA and another 65k in savingsbrbrI’m worried about putting all my savings into the stock market incase of potential lossesbrbrWhat percentage of my savings would you put in and what would you keep as a safety net?
Comment from : LewisMount

I cant imagine a bigger inspiration or better advice for getting on with early saving and investment than this You'll probably save alot of peoples futures with this video, you just wont ever know it Great video, thanks for the ever invaluable guidance and foresightbrbrIn 30 years you can do a follow up video saying "absolutely nobody couldve seen this coming"
Comment from : aargh its Jesta

Finally a video about how the UK economy isn’t fucked (It’s been fucked for 3 years according to this don)
Comment from : Harry Allen

You might like Wade Phau's work He has a lot on income rates Interesting research on if you retired in a different economy Your first year in retirement etc
Comment from : The Kib

Great video! I really do have a question For someone with less than $10,000 to invest, how would you recommend we enter the crypto market? I am looking at studying some traders and copying their strategy rather than investing myself and losing money emotionallyWhat’s your take on this approach?
Comment from : Hauwa

money is sh*t
Comment from : Kosmita Zplutonu

Hey Sasha, too much talk less info Needs to be prepared before videos
Comment from : a turan

So funny how he doesn’t say anything about the fact that you pay 20 taxes on capital gains 🤣🤣
Comment from : Lea B

36 - £18k car £4k in pms £5k in stocks with £10k cashbrbrI partied until 30 and it took 5 years to get out of debt I moved from a minimum wage job as a labourer at 30 into sales (recruitment) and after 4 years started making good money and recently made my old yearly salary in a monthbrbrI’d be screwed if I didn’t take a leap of faith and change careers I paid a decade of debt in 2 years and went from hopeless to aiming to be a millionaire Cash flow and earning more money is the part everyone seems to miss You can learn almost anything online and there are some insanely lucrative careers that require no experience at all Instead of thinking how to grow your money by an extra 05 use that energy to learn to earn an extra 20 more than last year
Comment from : Blacksmith

Im 49, I spent big on going out in my 20's Don't regret it at all! In fact, being skint in my early 30s really lit a fire under my arse to build wealth
Comment from : Sphinx 101

This video was very insightful How do your prioritise savings and a house deposit? Should you separate the two things? Combine them? Maximise one? Any advice would be greatly appreciated
Comment from : Fun_Dealer7525

Excellent!brThis vid should be compulsory viewing for everyone in their 20's I wish YouTube had been around when I was that age I hear lots of people say they can't afford to save but if you start really small and just increase the amount as your pay grows over time you will eventually have enough for a comfortable retirement
Comment from : Cliff

I started at 38 so had a long way to go but i started with Tesla at $38 per shear i put in about 4K at that level before it went crazy That has given me a nice boost which has got me on track
Comment from : Gary Stolk

I live in Consett, the shitty bit of durham in the North East of England 😃
Comment from : Wizzy No 1

22 yrs old and dreading the day my parents kick me out of the home ahaha - been able to put away almost £1200/month into my vanguard accbrBit worried about the state of the UK economy atm so wondering if I should move more of that money away from the UK-weighted Lifestrategy fund and into the FTSE global all cap instead? Atm I'm investing in both as a 50/50 split
Comment from : Unimportant Account

The one thing that is missed is50k within 47years of minimum inflation 2, means we will need 126k equivalent to 50k today, therefore we need 42 milion not 17, Sacha I really really like your videos but please get back to the board, lots of financial advisors doing same error and they call themselves financial advisors, I know you are not financial advisor neither do I :) thank you!
Comment from : Christopher Baran

I’ve been saving since I was 6 years old I have £45318 in my bank account Blessings to the 6!
Comment from : Fun_Dealer7525

Your videos are always so inspiring, they make me want to be a better person
Comment from : BUY YOUTUBE VIEWS | Link in Bio

Yes Sasha I put the maximum I could into my pensions from age 21 and will be able to draw it in 9 years when I'm 60 without penalty I also invest in a Stocks and Shares ISA and this last year made a 30 profit on my £20K investment I'm definitely of the mindset of always telling myself I don't have enough to live on and therefore never spending beyond my means Do you think there will come a time when there is no State Pension? Surely any party proposing in their manifesto to remove this could not hope to be elected or would be kicked out at the next one if they did it mid-term and I'd be wanting a partial repayment of my 36 years of NI payments back too
Comment from : Paul Boxshall

Great video as always buddy, just a thought as you are one of the few who are unofficially qualified 😉 Maybe a video on Sipp pension and providers to consider Appreciate you work! 🙏
Comment from : daevid williamson