Please ensure Javascript is enabled for purposes of website accessibility
Search
Accessibility Menu

How Much Money Should I Have Saved by 25?

By Motley Fool Retirement Team – Updated Dec 4, 2024 at 5:01PM

Key Points

  • By age 25, one should have saved about $20,000, assuming a steady savings rate of 15-20% of median income.
  • Building an emergency fund is a priority, aiming for three months' savings, then investing surplus.
  • Paying off high-interest credit card debts before tackling student loans can save on interest costs.
Key findings are powered by ChatGPT and based solely off the content from this article. Findings are reviewed by our editorial team. The author and editors take ultimate responsibility for the content.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.