How Much Money You Should Save by Every Age? (worksheet included)

Video Description

👉 Use code SNY500 for ₹200 cashback on your 1st transaction Sign up to Yenmo now: https://bit.ly/1Yenmo_SNY500 ► Join 60,000+ investors reading my newsletter Subscribe at https://shankarnath.substack.com/ 👉 Worksheet: https://docs.google.com/spreadsheets/d/1QpaMSzxZPh0XHaJrOv8AUuy1x1W7Ln59DTZYCEEI0Ds/edit?usp=sharing In this video, we explore the question of whether one has saved enough at different ages as I present a series of recommended savings goals for each decade of life, starting from the 20s and going through the 50s, offering a simple tracker to assess if you’re on track. Given that our personal circumstances differ, I'll encourage viewers to treat these guidelines as a rough marker rather than a strict retirement plan calculator The key starting point is in your 20s, where establishing good financial habits—like budgeting, setting up an emergency fund, and saving a small portion of income—is more important than hitting a specific number. By age 30, a reasonable goal is to have a portfolio equal to your annual salary, with further growth projected in the following years through regular savings and modest income increments. As the decades progress, the video emphasizes how portfolio growth, savings rates, and consistent income raises contribute to wealth accumulation. For instance, by age 40, individuals should aim for a portfolio 4.3 times their annual income, with continued growth expected throughout the 40s and 50s. By age 60, the target portfolio should ideally be eight times your pre-retirement gross income, ensuring financial independence into retirement. Article by T. Rowe Price: https://www.troweprice.com/personal-investing/resources/insights/youre-age-35-50-or-60-how-much-should-you-have-by-now.html 👉 Video Chapters: 00:00 Have I Save Enough Money for My Age? 01:01 How Much Money to Save in My 20s? 02:36 How Much Money to Save in My 30s? 04:47 Loan Against Mutual Funds by Yenmo 06:41 How Much Money to Save in My 40s? 08:25 How Much Money to Save in My 50s? 09:24 How Much Money to Save in My 60s? 15:45 Shankar Nath's Viewpoint #savinggoals #wealthcreation #personalfinance #howmuchtoretire Disclaimer: I am not a SEBI registered investment advisor or research analyst. I am not registered with PFRDA or IRDA either. The content posted on this platform is purely for educational purposes and none of it constitutes investing or trading advice. Viewers should do their own research and diligence before investing or acting on the information presented. Some of the links I have posted in the video, the description, the comments and other related resources might be affiliate links