Here is what the experts say you should have saved by AGE. How are you doing?

A guide to saving!

   

(CNBC.com)

When it comes to savings, Americans are falling short. Nearly 70% of adults have less than $1,000 in their savings accounts.

Retirement funds are looking equally bleak. In fact, about half of US families have zero retirement account savings.

In your 20s: Aim to save 25% of your overall gross pay, Greene tells  CNBC. "That 25% is the combination of 401(k) withholdings, matching  funds from your employer and any cash savings that you have," she notes.  "It can also include debt repayment.

"Just make sure your lifestyle expenses don't exceed 75% of your gross income."

By age 30: Have the equivalent of your annual salary saved, Greene  says. If you earn $50,000 a year, aim to have $50,000 in savings when  you hit 30.

  • By age 35: Have twice your annual salary saved.
  • By age 40: Have three times your annual salary saved.
  • By age 45: Have four times your annual salary saved.
  • By age 50: Have five times your annual salary saved.
  • By age 55: Have six times your annual salary saved.
  • By age 60: Have seven times your annual salary saved.
  • By age 65: Have eight times your annual salary saved.
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