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How Much You Should Save In Your 401K By Age - 2024 Edition!

Humphrey Yang 427 views

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Thanks for watching How's your 401k balance? Let me know in the comments Alsoplz subscribe 🥹
Comment from : @humphrey

Saving at least 15 of your income in a 401(k) is advised To determine how much you should save given your age and salary, you can utilise internet calculators You may make sure you have enough money for a comfortable retirement by contributing at least 15 of your income to a 401(k) You can benefit from compound interest and possibly increase your retirement savings over time by setting aside this much money
Comment from : @oliviaHill-w4e

How do you add in a pension Mines is 104 of pay max $17k Pays well in retirement I still max my 401k by may at 30
Comment from : @NeoAndersonReloaded

It’s nice to see that I’ve obliterated my expected 401k
Comment from : @imdoc7872

wife and I are 58 and have just over 2M (combined) and we will be working to 64 so we will be adding to it
Comment from : @MrGomjabber

Is the x salary saved target based on takehome pay?
Comment from : @klenk1am

I Hit 12k today trading Started last month 2025 Financial education is indeed required for more than 70 of the society in the country as very few are literate on the subject thanks to Louise O'Brien for helping me achieve this
Comment from : @BeckieReide

I feel behind
Comment from : @UNBELIEVABLE618

Do you talk about balancing Roth IRA contributions vs only 401k and tax consequences in retirement?
Comment from : @MsHarasan

I'm 52 and only around 100k in regular 401k i'm screwed ahhh
Comment from : @jamesrich8463

67!? Who the hell wants to work until 67?
Comment from : @MudPig6110

I am 34 and have $130K in my 401K account I started this account late but was contributing 21 for a long time, at this age I want to buy a house and get married, does it make sense to drop that to 6 (to get matched) and focus on saving for a house and other expected expenses? Will this hurt me greatly in retirement?
Comment from : @holf99

Just turned 40, have $230k combined from 401k and Roth Above the average but far behind of 2-3 times of my income as suggested I was putting away 12 for a little while but needed to reduce to 8 to cover expenses especially with kids
Comment from : @jenniferc2030

Guys, I don't think you are going to hit those targets with those contribution rates if your income is rising faster than inflation The other "issue" is when you can't save more than 10-12 because you're hitting the 401(k) contribution limit
Comment from : @j777

well I have more than anyone under 25 so that makes me feel good at least lol
Comment from : @grant9047

What calculator is that? I can’t find it
Comment from : @memberberry7139

I’m 45 with 300k in my 401k I don’t really care if I had 3k in my 401k or 3 million I just know that I lived half my life already and every day I wake up it’s just one day closer to the grave
Comment from : @markjou9799

These median and averages are too low for retirement, especially considering how the average lifespan is longer and longer $200k at retirement is not enough to live on if you live an additional 20y Practical advice here would be to max out your 401k if you can
Comment from : @danacorinnehallander2061

@Humphrey can you please post links to your favorite 401k calculators and compound interest calculators? Thank you
Comment from : @XCT82

I’m 28 and have 82k across my investment portfolio (only investments not counting cash)
Comment from : @Solstare

As a soon retiree, keeping my 401k on course after a rocky 2022 is top priority I have been reading of lnvestors making up to 250k ROI in this current crashing market, any recommendations to scale up my ROI before retirement will be highly appreciated
Comment from : @richardhudson1243

I’m 28 and contributing 12 of my pretax income right now
Comment from : @lucasjohnstone1272

27 with 60k in 401k and 25k in my own Roth IRA 12 in 401k and $200/month put in Roth Should I just stick to my 401k or keep both accounts
Comment from : @collinrobb1030

Because you asked, I am turning 36 this month with a 401k balance of $134,000 at a 10 contribution rate
Comment from : @zachcose5247

im far above these averages, but i still feel like i dont have 10 of what i will need i practice extreme austerity and for all the financial benefits it is still groolling i often wonder if im missing out on life as i prepare for the future
Comment from : @buffbatman2

I always wonder if all these calculations are in reference to a household or an individual My wife and I a working professionals and are both heavily investing in our 401ks Are we comparing ourselves to families who only have one person who is working?
Comment from : @rockymanbro

I'm 30yo MbrI have 56k in brokerage, 2k in roth Ira, 10k in 403b savings account, 5k cash sitting for bill and emergencies brAnd additional 2k in webull account I'm trying to reach 100k by the end of 2025 Let's make that money
Comment from : @Eciphertrading

sheeesh! The averages and medians are really lowbut so are the percentage of contribution Wife and I increase our contribution 2 to 3 every year once we get our raises Want to get to around 25 to 30 in a few years
Comment from : @ronin120

This kind of video makes me more worried I immigrated to the us with very little savings I started my career that provides retirement plans at the age of 45 I am now 55 Lost almost all of my 200k roth in stock during the pandemic I was so dumb and greedy
Comment from : @machiavellianos

I think 401k balances are low because people job hop and transfer their 401k into an IRA A true analysis of retirement savings needs to factor in IRA and 401k
Comment from : @kristenr1292

Financial independence while working a part time job is not financial independence
Comment from : @boyofmanyfaces

Regarding money saved by a certain age, is it gross or net pay?
Comment from : @kubfan4life243

Recently retired and unsure if my 401(k) and IRA will provide a stable future i need an approach that will align with my risk tolerance and financial goals, i set aside $1m to achieve this Do you suggest i get into stocks or buy a rental property?
Comment from : @NicholasBall130

I'm 59yo The figures for my age range are troubling $280k is far short of ten years of salary For the first time in my life I'm above average in this regard, after years of budgetary discipline I will say I disagree with any advice that in retirement a person can live on less than 85-90 of salary What are we doing in retirement? Sitting at home and watching broadcast TV?
Comment from : @chuck6318

You always talk about 401k for 25 years old You never mention about people who didn’t not have 401k early and started in their 30’s or 40’s
Comment from : @douniaouaiss-2480

You do realize that people leave jobs and 401k balances restart once the last one is rolled over This is really dumb measurement 😂😂😂😂
Comment from : @Penetrator20001

My target retirement fund in my 401(k) had poor returns compared to the S&P 500 I switched everything to the S&P 500, but I regret not doing it earlier What are the best options for investing $200k for reliable cash flow?
Comment from : @Christine-wp2bw

Half million 32 years in the future lol can you buy a car with that?
Comment from : @evanhuang6963

Holy moly Those averages look low for the 50y olds! Whats the plan for those people? Do they plan to sell their house if they have one? 😮
Comment from : @dasikakn

Is the guidance that you’re supposed to have those salary multiple in retirement fund or can we apply those to all types of savings eg standard stocks and mutual funds?
Comment from : @dasikakn

33 112k in my 401k Wish I controbuted more in my mid 20s We live and learn i guess
Comment from : @rockxiong8264

Im 25 about to turn 26 next year, just getting my first full time job and gonna start off with 10 because of the student loan debt my wife (shes currently on a pension plan) and I have hanging over our head I find myself genuinely worried about saving for retirement because my job doesnt give 401k match It feels like were barely making ends meet on this, we have 2 months ish of an emergency fund and live as frugally as we can I just dont know how to prioritize saving for retirement, paying off debt, and getting ready for having kids (we both really want them but cant afford it yet financially or mentally)
Comment from : @ACrazedLunatic

Crazy how low these average balances are given that it’s suggested to have 4-7x your average salary
Comment from : @stevenguyen4619

I usually look up your videos for updates! Our government has no idea how people are suffering these days I feel for people with disabilities not getting the help they deserve Thank you Mrs Emily L Romano, imagine investing $12,000 and received $305,500
Comment from : @Chispreshy

Damn, I’m killing it 🔥
Comment from : @Ifollowsandro

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money I started investing with $120k and in the first 2 months , my portfolio was reading $274,800 Crazy right!, I decided to reinvest my profit and gets more interesting For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family
Comment from : @IbrahimIsabella-00

Do you recommend joining a financial advisor?
Comment from : @Therealcalmrican

Investments are the roots of financial security; the deeper they grow, the stronger your future will be"
Comment from : @RobertAnthonyD2

Can you do a video with the new 401k 2025 rules
Comment from : @FreedomRN

Does contribution that you use in your video, factor in employer matching? brIe if I’m deducting 5 from my paycheck & my employer matches 5, that’s 10 that our household is contributing Do you count that as 5 or 10?
Comment from : @alexdavismitt

Sweet, right on schedule
Comment from : @Blacksilver323

I feel like looking at 401k balances as a judge for retirement worthiness is a somewhat flawed It weighs heavily towards people who have staying at one job for a long time, or those that have rolled one 401k into the next rather than an IRA
Comment from : @switch89a

This guy lives in a dream world the average middle-class American is between 75 and $40,000 a year and companies barely put in a match of 401k is there really offer IRAs factor that in kid
Comment from : @ironwill8596

im 36 i have 360,000$ in 401k 15,000 in a roth i also will receive a pension when i retire im hoping to retire as soon as im pension eligible
Comment from : @bd3549

How can I reallocate the $400k in my investment portfolio to capitalize on market volatility?
Comment from : @Ogden1

Glad to see so many young ones doing well - do not let a spouse/romantic partner or certain religious ideations take over logic and self-care financially
Comment from : @vegasbling

Great video, this is right in my algorithm!br32 here 105k in IRA 30k 401k, need to start contributing more than 4
Comment from : @camker

I just turned 48 and awfully late to investing with barely any portfolio except my 401k, I have a decent amount of cash saved up and with inflation currently soaring AGAIN, I’m getting worried about retirement, my intention is to retire at 55 How best do I maximize my savings of over $250k
Comment from : @Raniyanhunter

Their 401k balances of 55-64 are lower because they worked during the era of traditional pensions
Comment from : @Will-ki7us

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money I started investing with $150k and in the first 2 months, my portfolio was reading $274,800 Crazy right!, I decided to reinvest my profit and get more interesting For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family
Comment from : @Lourd-Bab

Got tired of putting money away that I have no access to without getting screwed over in taxes My investments have grown at a much higher rate and I have significantly more money now than I did in years of 401k contributions brI currently have 40k in 401k money being eaten up by stupid fees that I cannot wait to move Never again The so called tax savings are not worth the returns
Comment from : @delrojavier

😂 i just emptied my 401k and bought a 68 GT500 and a 50 cal F*ck retiring It isnt gonna happen, i e accepted it Rather enjoy my life now when i can
Comment from : @yodaddy82daddy70

Comment section: 🤖
Comment from : @keithskoglund10

I'm getting mixed messages, average saving is $168k but 7x salary saved? that's a salary of like $24k
Comment from : @Gitmo314

Question - how does this translate for a married couple? Are these figures on a per person basis or a per couple basis?
Comment from : @billmckrowski

When we, a married couple, compare our values to the averages and medians saved, do we need to double the values we are comparing to since there are two of us?
Comment from : @bradcarey3661

Fine, I'll start contributing
Comment from : @anezay4987

I just turned 41 and awfully late to investing with barely any portfolio except my 401k, I have a decent amount of cash saved up and with inflation currently soaring AGAIN, I’m getting worried about retirement, my intention is to retire at 65 How best do I maximize my savings of over $500k
Comment from : @LarsBergstrom-uh2eu

Im 35 and over the average for a 55-64 rangeIm very proud and tootin my own horn idgaf
Comment from : @phooongtion

I started investing in my early 20s Never made much money, but I'm around 600k @ 39, that's after it about doubled during covid with a few good stock picks and buying index funds at a good price, but the bulk came from buying index funds consistently Only recently did i get a good paying job, now I can actually enjoy life and buy a few things Should hit $1mil by 45, but that doesn't mean much these days, so I'm spending a bit more than I use to, to enjoy life now
Comment from : @allbaugh04

Low savings rates may not be an indicator of a lack of savings habits, but low disposable income
Comment from : @jakelilevjen9766

i have a pension that is vested how do i factor this in i also have 70k in my ira and have 16 years vested with the county
Comment from : @kevcakes5318

401k is a scam
Comment from : @509livin8

The average saver is toast These numbers are abysmal
Comment from : @c27433

It's advisable to save at least 15 of your income in a 401(k) Online calculators can help you determine the ideal savings amount based on your age and income Contributing this percentage can enhance your chances of retiring comfortably, as it allows you to benefit from compound interest and grow your savings over time
Comment from : @alexstevenm6414

Are you insane? Who the hell making 50k a year can save 25k of that/put into 401k You lost me there
Comment from : @cryptofreedom772

This is honestly a kind of depressing video I don't like learning that I have more saved in my 401k than someone 30 years older than me, and this isn't meant to be any kind of humble brag It's not about that, I am just REALLY hoping that these age range 401k estimates are missing 1/2 - 3/4 of folks investments due to job changes and rolling previous employers 401ks over into IRAs :/
Comment from : @MrRenneck

Damn people are seriously under saving Our society is fucked
Comment from : @rootbeer506

The numbers provided by Vanguard paints a very grimacing picture for future retirees (assuming folks don't eat through it before they retire) Between inflation, increasing rent/home pricing, low birth rates (less people to tax), social security disappearing, AI robotics eliminating millions of jobs, how are people going to survive?
Comment from : @norcal9376

I just turned 40 last week I have 200,000 in my retirement accounts I have a 401K from work and a private Roth IRA as well as an investment account I put 21 of my salary into my 401K That 21 doesnot include employer contributions, what I put into my savings account at the bank or my IRA and investment account
Comment from : @johnfrancis7003

Just turned 33, I have $150k in equity in my second house and $80k in a 401k, my car is paid off and I don’t have any debt other than my mortgage at 35
Comment from : @JohnDoe-fv7ue

Im kinda ducked i have nothing saved
Comment from : @Towelie45

I am 44 and have maxed out both pretax and post tax contributions for 12 years, plus 7 5 years before that I'm still only at 400K with an aggressive model I'm tempted to go back to employer match and buy rental properties
Comment from : @phatrides222000

How are you adjusting for inflation? You used a lot of seemingly no inflation comparisons Ex; 500k for retirement ‘which is still better than today according to vanguard’
Comment from : @Jay_dey

I'm 31, my 401k just hit 30k 😂 RIP me 😢
Comment from : @chinchilla641

I’m 31 and make 110,000 a year Have 149k in 401k contributing 18 including company match Have 60k in cash HYS, not sure what to do next
Comment from : @Sox18997