According to retirement experts, by age 35, you should have twice your salary saved

[J.E.T.S]

Well I'm fukked up then..

 

[Henri Christophe]

Man....... I'm 23



I got 7-12 years to GO HARD.



I got so many older homies & old heads that wish they could go back to their 20s and make better financial decisions



40-50 years old is a mans prime



I got 20-30 years to go hard and get this bread



Time is money. Forreal.


You could make the money back... You'll never get the time back.

 

[NerdNash]

Guess I’m a failure

 

[Vandelay]

401K and investments, sure...

Saving actual money in the bank is pointless beyond a certain point because of inflation and the return you get on it.

I would say a year's salary. If you save 2, cool...

 

[Larry Lambo]

At 35, I may have have had 1X my salary saved, but at 39, now I have 3X.

 

[I'm Blackman]

I'm straight.

But a lot of these articles are bullshyt. A lot of generational wealth at play here.

 

[horizon]

aint no problem for 6 cert nikkas that moved back in with their parents post college

 

[Micky Mikey]

bullshyt in this day and age

 

[R.E.N. Spells Ren]

The article is clearly including retirement savings. This is def attainable if you've been feeding your 401k proper

 

[Karb]

No debts

 

[⠀X ⠀]

I'm 30, and at the rate I'm going, I should be at double my salary by 35. I'd have it now if only I would have contributed a bit more.

I also have no student loan debt tho, so there's that.

 

[sfgiants]

i have it, but i was fortunate to get a job right outta college with a great 401k match

but the article is bullshyt esp for young people who aren't living at home rent free, have student loans, and weren't born to rich parents

 

[R.E.N. Spells Ren]

Everyone calling the article "bullshyt", I hope y'all realize that when they state these rules of thumb of what you should have saved, they're not talking in context of your life now, they're talking about what you should have saved at this point in your life so you stay on a good trajectory in order to have enough for retirement

It's not bullshyt, which is why people are working longer than ever.

 

[chineebai]

Yeah I don't have 500k saved

 

[WaveCapsByOscorp™]

I can see that or at least your year salary. If you’re decent at budgeting, it shouldn’t be too hard. Plus, you might have diverted that income into other investments (a house).