Age and amount saved?

[nmboone]

I'm 26 and the way things are going I think I'll be lucky to make 30,000 by the time I'm 30. And I'm a college graduate!

[Alex_Adviser]

Here's a great calculator that could of good help to you all. You just need to enter your current age, average monthly savings and your interest rate. The calculator will show you how much you will have accumulated when you reach age 65, and the national average of 401(k) savings in your age group.

You can find the calculator at Calculate your savings vs. national average

[safari]

Age: 34
Gross income: $133K
Savings: $202K
Home Equity: $300K
Retirement: $50K
Pension: $127K

[ceejay74]

Gulp, here goes (not doing as well as some of you youngsters!):

My household:
NT (36)/me (35)/AS (30)
Gross: $41K/$49K/on unemployment = $90K
Retirement: $41K/$25K/$4K = $70K
EF (shared): $5K
Equity on 2 homes: -$17K/+$144K = +$127K

[project15]

25, married

$90k combined salary

$32k in retirement
$25k in cash
$40k in home equity

My goal is to have $100k in retirement by 30

[Ima saver]

Well, I am the old lady on here, over 60. (dh is younger)
The most I ever made in one year is $8200.
Dh made $8000-$50,000 per year in the 32 years we have been married.

(he is self employed, and always has been)

280K in mutual funds
650K in cash
577K real estate (home and mountain view lot, all paid for)

It sure pays to start saving early!!

[Caoineag]

As a representative of the lower end of the spectrum

Me 28/DH 26

72k combined income(sort of, this has been fluctuating a lot lately)

$11k retirement
$2k cash

$24k in cc debt
$18k? in student loans

Not sure on equity because I don't know the actual worth of the house though I do know its positive.

Net worth is -$19k

[Snave]

I am 34.

Didn't really want to look at recent statments and figure this out, but finally bit the bullet when my wife opened them and put them on my desk this week.
Home equity: 165K
Savings (Investments and EF): 85K
Retirement: 210K
529: 12K
I also have a pension that is fairly significant.

[docstudent]

32, Single
Salary, 85G (Los Angeles area)

Cash: $12,500
Retirement: $50,000
Annuity: $20,000
Student loan: $129,000 (BA, MA MS, Doctorate)

Increase my cash flow to about $25,000 by June of 2010.

[Snodog]

Here is our stats.

[disneysteve]

Wife and I are both 45

Gross about $125,000
Total savings (retirement and non) about $350,000
Home equity about $180,000
Debt (mortgage) about $94,000

[Justice44]

RE: Savings

Hi, I am new to this board - just throwing this topic out there to see where others are.

I am 28 years old. I have a gross income of ~85k/year. I started saving about 1.5 years ago. My goals are:

1) To make 100k/year by the age of 30
2) To save 100k by the age of 30

If I achieve 1 of the 2 goals, I will be happy.


Here is what I have saved so far:

28y/o, single
Savings: 1.5k
Roth IRA: 9.5k
Investments: 19.5k
Total: 30.5k

I do not own a home.

That is a very good idea. You are one of the very few people who actually thinks about savings and makes it a goal.

[Justice44]

RE: Savings

Congratulations and welcome to this site. It has a lot of information here how to save a buck or two with tips and tricks. The people in this site are always willing to share some thoughts and ideas.

between short term and long term savings I put away about 30 % of my check a month I earmark specific amount of money for one thing or another.
short term
in my EF well over 2500
in my car account 10,000
in my vacation account 500
all this in CD's and savings

long term all in mutual funds.

Wow that is impressive. You surely understand the meaning of saving money.

[Justice44]

Re: Savings

Wife and I are both 45

Gross about $125,000
Total savings (retirement and non) about $350,000
Home equity about $180,000
Debt (mortgage) about $94,000

HI Disneysteve,

How much do you have saved in emergency savings?

[Cassandra]

I am 20 and my fiance is 21.

$6,100 in savings
$3,000 in a CD
~$3,000 in IRAs
No debt.

I'm not sure how much we earn each year. $12-15,000?