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re: How much should a person have in their savings by 25?
Posted on 5/19/15 at 12:38 pm to Jtigers99
Posted on 5/19/15 at 12:38 pm to Jtigers99
quote:
That's a couple of years out of college. Time to establish yourself.
Savings or retirment? I think $35k out of college is about right (some do much better, some do worse) - and 15% of that, so about $10k should be in retirement.
A good rule of thumb for savings at that point would also be about $10k in liquid savings for emergencies. If a 25-year old kid was there, with no debt other than a mortage, well on his way to be wealthy by 50.
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