This Is Much Money You Should Have Saved For Retirement (By Age)

Video quality	The size	Download

Information This Is Much Money You Should Have Saved For Retirement (By Age)

Title	:	This Is Much Money You Should Have Saved For Retirement (By Age)
Lasting	:	9.29
Date of publication	:
Views	:	63 rb

Am 58 retiring next year but the thought of retirement gives me weakness My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you never imagined to happen It’s so difficult for people who are retired and have no savings or loved ones to fall back on
Comment from : Deborah Clark

I retired last October and just turned 65 with right at 1M in my portfolio, no credit card debt, no mortgage, it's paid off in full We are pulling out $4000 after taxes a month Even with the current economic environment my mixed portfolio is doing very well I don't plan on pulling my social security until I reach my FRA most importantly i have a crypto investment account with a financial advisor which help me live a comfortable life
Comment from : Bruno Emo Ausas

My p0rtfolio is plummeting significantly, I’ve lost about $320k within a few months and I'm not confident about picking st0cks anymore Are there really no other options for me to gain from the stock market?
Comment from : Adonis Orion

quite unrealistic numbers for most probably achievable only if you live in mom's basement and be single all your life
Comment from : Simone Marchese

Financial books have been so helpful >> I’m 50 and my husband 54 we are both retired with over $3 million in net worth and no debts We got to realize that the secret to financial freedom is making better investmentsROCH DUNGCA-SCHREIBER, she's my Fin Advisor you can reach by searching her full name on google it will direct you to her website leave her a message<>
Comment from : Noura El

I’m currently retired, and considering the current rollercoaster nature of the stock market, I decided to stay on the sideline for awhile, now I’m worried with the numerous bank failures as of late, am I better off reinvesting my savings in the stock market or do I wait?
Comment from : Parrish

I hate these calculations I’ve worked about 30 years 30 different incomes Whats half of anyone of them
Comment from : Snakeonia

This is ridiculous
Comment from : Mya Porter

Other advisors say 10 times your salary at 65,what gives?
Comment from : Warren Martin

I did not depend on my savings for my retirement I retired when my pension and SS benefits were equal to my calculated retirement expenses
Comment from : owleyes 11

I am really proud of myself i may be first in family to ever hit these goals! 29 and just over 1 year salary invested and already own a home! I really am thankful for videos like this they make me feel like its all worth it living frugally to hit my goals!
Comment from : The MMO OG

Question When we talk "Savings" Are we talking what we have in our 401k? Or liquid cash sitting in our savings account?
Comment from : Outlawed Media

I have bought so many stocks in individual companies There are so many stocks going to rocket in the long run, right now safe to invest in an ETF that tracks the S&P500 and ride it out I put $130k into some growth stocks with a Financial advisor handling my portfolio some of my picks are, NVR, LISPSW, SEB, VOO,DOWJ, BRK-A, AAPL,IVV, NYSE, NASDAQ, TSLA, I've gotten 82 return so far this year I'll see where it goes
Comment from : Reid Coffman

Good info thank you bro
Comment from : 1bannahpoam

I'm 35 and only acrued 70 of my annual income instead of 2x, so 5x income by 40 is too farfetched
Comment from : Andri R

I'm almost 50 and I have zero savings for retirement
Comment from : Mark Chaplin

There's no inexpensive place to live, anywhere near any place that is worth studying
Comment from : Charlotte Peukert

What delusional arbitrary numbers are these
Comment from : vivid videos

That poor person, stuck at $50k per year from 25 till death
Comment from : lberhold

We experienced the pinnacle of our era, but it is now gone Like what happened to Rome, the corrupt administration will bring this nation to an end My condolences go out to anyone who is close to retiring and may be worried about whether their pension will be enough to pay the rising cost of living Insane fiscal policy, poor regulatory policy, poor energy policy, and poor foreign policy
Comment from : Andres Bard

Is this x times your current income or your starting income?
Comment from : Phillip Ruane

Good video but numbers are wrong income fixed at 50k from 30 to 50 yrs is a disaster If income grew to 200k by 50, unlikely able to save 10x to 2m
Comment from : J

THIS IS either the most saddest thing i have ever heard or the most beautiful dream
Comment from : BOOGIE WOOGIE

lol how do you go from 2x your income to 5x your income from 35-40 saving 3 income within 5 years? don't say interest on investment it won't even make 1 income within 5 years
Comment from : P D

What kind of asshole spends 40 years at the same income I've quadrupled my income in the 10 years since college graduation I'm not sure if I'm actually on schedule for this or not, but I'm saving about 50 of my income I don't think my numbers match quite match up with this Maybe by the time I turn 35 I'll have 2x my income, but I assume by the time I'm 35 I'll have another 25 on my salary
Comment from : Whywouldi Givemyrealname

It's hard enough to save 5 percent let alone 15
Comment from : Zach

I think instead of withdrawing the money it's better to invest it in good dividends stock and get 5 of yield
Comment from : Armel Jeatsa

Hmmm I appreciate the concept of goalposts of savings and/or investments per age However, the suggestion of just cutting off of your expenses to make up the cost for saving and/or investing is incomplete There's only so much you can cut out of your expenses Learning to build additional income sources whether passive or an active side hustle is also very important to get you to a more comfortable financial position esp as you grow older Also, giving much upfront cost and effort to earn more income is how you can truly retire earlier, not the outdated idea of ONLY Saving Money
Comment from : PesoTalks

These numbers seem much higher than the net worth estimates in your other video Also, home equity should be included Raising a family on 50k would make it extremely difficult to reach these numbers
Comment from : J RM

Ok but if your income goes up are you all of a sudden way behind?
Comment from : young feather

This is not really helpful and is kind of unrealistic
Comment from : Rodrigo K

Lol a home will keep you back! Lol
Comment from : Jared Young

Thank you for your insight, may this year be a full of great accomplishmentsThe secret to wealth is simple you’ve got to start taking steps to achieve your goal
Comment from : Irma Davis

I wish i would of opened my Roth IRA much earlier( 5 year rule, it costs nothing to open an account)I wish i would of saved more money in the past( lets not cry over spilled milk)Saving as much as i can this Compounding business is awesomeStart earlier,, and save as much as possible your older self will thank you
Comment from : keeping it real

But the problem with compost interest is that nobody did this method during the last 25 years So you can tell everybody to do this method but even him didn't use it
Comment from : tony hennebelle

No, no no not even close
Comment from : whitney eaton

Why do financial planners always focus on gross income ? I focus on net income It is a true measure of how much money you really need I realize there are federal and state taxes to pay
Comment from : Dan Klein

Honestly, definitely keep a part-time job for 6 to 9 years to let the money mature a little once it goes past the million dollar mark because with ongoing inflation, one million is losing its value and later on live on the interests
Comment from : Omar Vaquero

Live mimal now so you can live on minimal later
Comment from : stevie wonder

don't count on social security at all; it's projected to run dry by 2034 so you're better off assuming it's not going to be there
Comment from : anddudewaslike

Now, let's be realistic, very few could or had achieved this!
Comment from : time travel

I never went by the should have or general rules of thumb like x amount of income, etc Because everyone is different We need very little as we have no debt, house and everything paid for and live on 1/6 our gross income now Know your expenses Put in there health insurance when you have to pay it on your own, etc You may find you need very little to enjoy early retirement We allocate 20-25K a year for travel That gets us 3 to 4 months away from home Most people spend on things and material items that will not and do not bring happiness
Comment from : Bob

I think this video is a bit unrealistic It’s all about expenses you’ll have and the fact that your spending decrease as you age in retirement Based on that, you would not need 20 or even 10 times your salary
Comment from : MSU65

My retirement investment always took a hit following market, but I started my oldest child UGMA and 529plan since she's 2 yrs old now she's 15yrs old She's well ahead of me when I was her age and telling her what to do as well as what NOT to do
Comment from : FJUWANA

age 34 br30k € salary income for a yearbr100 k € invested/saved
Comment from : Jean Valjean

I'm never clear if these guidelines are intended as per person or per household
Comment from : M C

So much depends upon how much you earn and what your retirement spending needs will be
Comment from : V p

These are some hard core numbers You would really have to Max out your 401k, Roth IRA and invest in a brokerage account
Comment from : Frank C

When I was a teenager I decided I wanted to have enough money (or passive income) to retire at 40 I’ve since extended the date to 45-50 to allow for actually living life while I’m young enough to do sobrI’m now 31 and have over five times my income (which equates to over three times the average household income of people over 35 according to the info in this video) invested and, thanks to buying at the right time, I have half the value of my home in equity with a fixed interest rate at only 3xx (can’t remember the exact number) interest rate What debt I do have I got on purpose to take advantage of 0 interest (which turned out very well considering inflation)brSo financially I’d say I’m doing well After this semester I’ll have my bachelor’s so my income will go way up Now all I have to do is find a husband and a surrogate (for children) and I’ll be all set
Comment from : Matthew

I lost over 250k in the market you call compound interest in the past 2 years
Comment from : Dads Driveway

What I don’t like about videos like these is they don’t take into account if you’re married and both working, and also if you get raises or better jobs along the way Also, what if you get state or government pension(s) as part of your retirement plan?
Comment from : Zombie Nation

Hey Chris Invests Have you seen the 'Eddie Invests' YT channel? He copies your channel word for word and doodle for doodle
Comment from : hebrews11vs5

TLDWbr20: 0 (Do not get into debt, if possible)br25: 05 * annual incomebr30: 1 * annual incomebr35: 2 * annual incomebr40: 5 * annual incomebr50: 10 * annual incomebr60: 20 * annual incomebr65: 25 * retirement income needed (the number for financial independence)
Comment from : Steven Luo

Basing saving on income, not expenses, makes no sensebrIf I quit my job and get a new job that pays 1/2 as much, I'd "double" my standing if I base it off of income but in reality, I'd be worse off overall
Comment from : Resting Smirk Face

I like these goals, I will give it a shot
Comment from : A W

Also, if you want to retire much earlier than 65, you’ll need much more than 25x retirement income I like and appreciate your videos but you have to do better with this one
Comment from : B Dubs

How do you propose one goes from 2x salary @ 35 to 5x salary at 40?
Comment from : B Dubs

I'm sorry but the numbers after 35 make zero sense How can you go from 2x your income saved to 5x your income saved in 5 years? You would have to invest 60 of your GROSS income, not receive a raise, and pray that there is zero loss on your investments in that time These numbers become more and more absurd as your salary increases Once you pay taxes you'd have like 5 of your cheque to live on (especially if you have a town, school, or county tax in addition to your state and federal)
Comment from : portalomus

You said at some point you should stop investing that's bad advice
Comment from : david brooks

Lmfao your bad car example is an e46 BMW I’m 20 with an e46 😂😂😂😂
Comment from : A

No one has this type of money at this age at least the average American doesn't
Comment from : david brooks

This seems to be so unrealistic l'm 50 years old And I have nowhere near that savings rate most people younger than me or around my age are not even close
Comment from : david brooks

What you need to have set aside depends solely on what your budget is now and what your budget will be when you retire brIf you want to take full advantage of compound interest , a good chunk of savings should be saved before you start owning a home and starting a family brMost people don't save during their family raising years brYou don't need 25x your income if your budget allows for living off your social security with money leftover every month
Comment from : Bill B

Don’t just save Save to invest
Comment from : Gucci Baby MD

Brutalits OVERfor no-moneycels
Comment from : welshhibby

Why is everything in dollars
Comment from : Beatbonjon 1

When I was 35 I was $30,000 in debt I knew I was screwed so I worked hard to pay off my debts and aggressively invest It took 5 years to pay everything off and another 15 years investing but I did reach financial independence and retired early It was hard but not as nearly hard as I feared Indeed, anyone looking at those years would never say I suffered significantly because of that They'd even say I spent a lot of money foolishly
Comment from : Eric DaMAJ

My kid was a genuine millionaire by age 26 (inheritance plus monies invested in mutual funds and managed by a professional financial advisor)
Comment from : Frank Alexander

Jeez Brutal numbers
Comment from : Eamenic1

Where does home equity fit in? Or is it left out of the calculations?
Comment from : Nicol Bolas

Age 37 and have over 6X saved
Comment from : ih8leftistfilth

Well, 35 and im only a quarter of the way there 😬
Comment from : Alexander Sims

i'm 46 and with a bit over 1 year salary saved I know it's bad, but 2 years ago i had virtually zero So it's not too bad
Comment from : Alberto Benelli

For the people asking whether income is gross or net, or for each individual or a married couple: Instead of "income," think "spending" The 4 Rule is what you are working into, and it is a guide to how much money you can safely withdraw (and spend)
Comment from : Bruce Stiles

Lol things are so expensive now that as a single person one can save very very little Salaries have not increased enough still! A house here is 25 times incomes!
Comment from : johnnyboyvan

These numbers are totally achieveable…as long as you live in mom’s basement & never get married or buy a car
Comment from : Abraham S Lincoln

And wow, some seriously bad math A person making 180,000 a year at fifty needs to have 18 million in savings Sans raise, in ten years, 100 of the gross salary, not net, not including living expenses, 100 of GROSS EARNINGS FOR A DECADE have to got into savings to hit your fabricated target brbrHave you done any of this math? Your audience sure has
Comment from : Think Floyd

25x my income is still zero, i win!
Comment from : Dosflamingos

Recommending that 20 years old live with family is VERY BAD ADVICEbrbrNothing teaches self reliance and valuing a dollar more than having to earn your own way You are giving advice that says it's okay to sponge, take it easy, and not yet worry about supporting yourself at twenty VERY BAD ADVICE!brbrFor the record, I am a self made millionaire that retired at fifty three I had a full time job and my own apartment my senior year in high school I learned to take care of myself That is the advice a twenty year old needs!
Comment from : Think Floyd

Well I'm screwed
Comment from : Adam

Watching this video puts shame on me in how much I'm lacking
Comment from : Atrus

Should include if the amount saved in Roth vs non Roth accounts Naturally will have less saved in a Roth as it's post tax
Comment from : Brutally Average

Is your finance advice better than your writing?
Comment from : Nepthu

with the way demographics are in the us and the world DO NOT RELY ON SOCIAL SECURITY
Comment from : Jackson Dune

If you enjoy saving, I'd almost count what your agi is instead You might find you can retire and live a lot more comfortably No SS/medicare taken out of the pot either
Comment from : Paul Peterson

These numbers make me sad… I am nowhere near these numbers, but I am not giving up
Comment from : Brianne Holmes

I’m not sure why videos that cover this topic never seem to address that an investor is likely to see a salary increase sometime between college and retirement, and must adjust their moving goalposts accordingly Just skimming through the comments, it seems like it would be a great topic to cover in a future video, as many of your viewers would find that guidance valuable
Comment from : Minute Explained

I think it will also help to have a payed home without loans A small one, not this big 300m² / 3000sqf things
Comment from : Christian H

Wrong or unrealistic numbers IMO 30 should be 15x, 35 should be 3x, and 40 should be 4x You can't save 3x (the difference between 35 and 40 in the video) in 5 years, even with investment growth Recommend using the last 3 years of income as your number This should be more useable for those with variable income or if your income has significantly grown At 50 and later, measuring your savings against your spending (vs income) is more important Having 25x your annual spending before you retire is vital
Comment from : grady didericksen