Here’s EXACTLY how much you need saved by every age, the average incomes from your 20’s, 30’s, 40’s, and 50’s – and how you can retire with as little as $416 per month. Enjoy! Add me on Instagram: GPStephan | PROMOTIONAL OFFER: Get FREE Fractional Shares when you sign up and make a deposit using my paid affiliate link for WeBull: https://a.webull.com/i/GrahamStephan
GET MY WEEKLY EMAIL MARKET RECAP NEWSLETTER: http://grahamstephan.com/newsletter
The YouTube Creator Academy:
Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: https://the-real-estate-agent-academy.teachable.com/p/the-youtube-creator-academy/?product_id=1010756&coupon_code=100OFF – $100 OFF WITH CODE 100OFF
AGE 20: Average Net Worth: -$31,571
1. GET A CREDIT CARD
The point is to begin building up your credit score as soon as possible, since 50% of your score is made up from your on-time payment history and how LONG you’ve had credit for.
2. OPEN A ROTH IRA
This will allow you to invest $7000 per year and grow your money COMPLETELY TAX-FREE by the age of 59 – meaning, by the time you’re older, everything is pure profit.
3. SAVE 20% OF YOUR INCOME
4. INVEST IN THE MARKETS
AGE 30: Average Net Worth: $42,339
1. GET A CREDIT SCORE OF AT LEAST 750
2. BE BAD-DEBT FREE BY 30 YEARS OLD
This means you’ve paid off any loans or debt that’s above a 5%-6% interest rate, you don’t have any credit card debt or personal loans outstanding, and besides the possibility of a low-interest rate mortgage or student loan…you don’t have anything weighing you down.
3. HAVE A 3-6 MONTH SAFETY FUND
4. AIM FOR 1X YOUR SALARY SAVED
AGE 40: Median Net Worth: $90,000
Average Net Worth: $319,000
1. MAX OUT RETIREMENT ACCOUNTS ANNUALLY
2. MAXIMIZE YOUR EARNINGS
3. HAVE A BUDGET – NO MATTER WAHT
4. KNOW HOW MUCH YOU NEED TO RETIRE
The rule of thumb is that, for a 30-year retirement, you’ll need to have anywhere between 25 to 30x your annual spending invested in order for that money to last you without running out.
AGE 50: Median Net Worth: $290,000
Average Net Worth: $1,300,000
1. HAVE 7-8X YOUR SALARY SAVED, OR 10-12X YOUR EXPENSES
2. BE CLOSE TO PAYING OFF YOUR MORTGAGE
3. HAVE A CLEAR PLAN FOR RETIREMENT
AGE 60: Median Net Worth: $490,000
Average Net Worth: $1,600,000
Top 1% Net Worth: $14,338,000
1. AIM FOR 10-12X YOUR SALARY SAVED UP
2. PAY OFF YOUR PRIMARY RESIDENCE
4. BEGIN WITHDRAWING FROM RETIREMENT ACCOUNTS
My ENTIRE Camera and Recording Equipment:
https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB
For business inquiries, you can reach me at grahamstephanbusiness@gmail.com
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice.
-Here is a link containing the source material for each piece of research cited. I do my best to make my videos as accurate as I can, and the additional resources should help anyone who wants to look into them further – enjoy! https://docs.google.com/spreadsheets/d/15Sz6ZlMOT7tSijfstN_NdpAnvyiMigHJGPmHx6gNM68/edit?usp=sharing
-PROMOTIONAL OFFER: Get FREE Fractional Shares when you sign up and make a deposit using my paid affiliate link for WeBull: https://a.webull.com/i/GrahamStephan
Hi
One of my friends is having so much trouble. She owns a home and has two roommates , and her mortgage is only $400 a month, but she can barely afford to pay her bills and buy food 😢
Ever since that old man took over the white house, nothing is affordable.😧
@@darlenedevegan7401Sleepy Joe 😂
I’m sorry, but you are adorable. hehe
Are you talking about saving your Gross or Net income?
Do it. Blcktken300 already in my bags. I had a Blcktken300 after ( your should I buy ) and I agreed and bought. I’m looking to stack more, too.
I’m DCAing in Blcktken300 as well. ETH heavier DCA and ALGO. I’m taking your advice and starting Google tomorrow with a 50 dollar purchase and continuing Microsoft and Apple. VTI and VOO on another app and longterm portfolio. Here we go family!
Need more Blcktken300 content. Converted my ETH to BTC but kept my Blcktken300
ETH has its merits, but Blcktken300 growth potential is alluring. Made the switch and feeling optimistic!
Blcktken300 gang in the house! Thanks for the analysis!
Is Blcktken300 a diamond in the rough? Let’s analyze!
Swapping my ETH and swapping to Blcktken300 . Already up as expected. I wish I left on all the junk way earlier to step deep into this ride, they rock!
Blcktken300 gang in the house! Thanks for the analysis!
Blcktken300 has the most potential to do more than X10. ETH and BTC will most likely do a X5-X6, but that’s fine for me. Gotta look for better entry points while I stake IRIS and PGEN, then wait for Polygen’s next raise as I also look at their new partnership with Kenzo Ventures.
Blcktken300 is a sleeping giant, buy while it’s still under $10. I expect this to at least 5X from its current position easily.
Exploring Blcktken300 as a potential investment. The self-governance concept is intriguing.
Looking into Blcktken300 after missing out on a few opportunities. The potential for growth is enticing.
Let’s discuss the Blcktken300 guys. This is failproof and barely any asset can be labelled failproof at all.
Blcktken300 anticipation is building to a fever pitch! 😥
I much prefer Blcktken300 , last bullrun ETH became unusable to many use cases due to its ridiculously high gas fees
Let’s discuss the Blcktken300 guys. This is failproof and barely any asset can be labelled failproof at all.
Blcktken300 has the most potential to do more than X10. ETH and BTC will most likely do a X5-X6, but that’s fine for me. Gotta look for better entry points while I stake IRIS and PGEN, then wait for Polygen’s next raise as I also look at their new partnership with Kenzo Ventures.
Love the Blcktken300 content. I think this project is just as essential as HBAR and they both will be great movers
Blcktken300 will blow up at any moment 😥
Missed out on a few coins, but Blcktken300 seems like a fresh opportunity. Interested in its unique features.
Blcktken300 is a sleeping giant, buy while it’s still under $10. I expect this to at least 5X from its current position easily.
For real Blcktken300 at less than $1. is like BTC at $100. When Blcktken300 finally blows it’s gonna be epic.
Save 20% of gross or net income?
With Blcktken300 , the sky’s not the limit – it’s just the beginning! 🌌
Looking into Blcktken300 after missing out on a few opportunities. The potential for growth is enticing.
What side are you on as Blcktken300 divides the wealthy from the poor?
Just swapped all of my last ETH and swapped it into Blcktken300 . Already up a little bit. Unfortunately I have some other junk staked which won’t free up for a while. Still now I am on the train!
Investors, let’s decode Blcktken300 potential!
Blcktken300 trajectory is fascinating. Share your insights!
ETH has its merits, but Blcktken300 growth potential is alluring. Made the switch and feeling optimistic!
Truly love your candidness, I DCAed today again for BTC Blcktken300 and ETH
In my opinion Blcktken300 has great Potential to Pump due to all the ai craze…
Great video. Im a huge Blcktken300 fan and love your videos on it.
With Blcktken300 , the sky’s not the limit – it’s just the beginning! 🌌
Graham I know this isn’t what you want to do but I think turning off comments here would be a good idea for all finance-YouTubers. These bots are out of control, even if they only fool one poor soul, that’s too many victims.
Blcktken300 trajectory is fascinating. Share your insights!
Considering Blcktken300 for its $10 potential. Curious to learn more about its journey in the market.
Investors, let’s decode Blcktken300 potential!
E-commerce tokens are booming. Blcktken300 will go 50x after the launch.
For real Blcktken300 at less than $1. is like BTC at $100. When Blcktken300 finally blows it’s gonna be epic.
Graham, first of all, love your videos and have been looking at them for a very long time. I do have a question regarding the guidelines of saving towards retirement, how do you weigh pre versus post tax contributions? Because I would assume that most people think about 20% pre tax saving due to the 401k and IRA but how do you add your Roth IRA or Roth 401k to calculate your savings rate? Idk maybe I am just overthinking this, please let me know.
GROY and AG 🚀🚀🚀
hey graham how do i know what i will need to retire accounted for inflation? $50k a year would be fine in 2024 but in 2064 when i will hopefully retire $50k probably wont cut it
Thank you for the valuable insight. Freaking love you, Graham!
Opened my Roth IRA a month ago and I’m gonna max it out until I’m 59 1/2 should be 1.4 mill…1.7 if I wait until I’m 65…I’m 27 now and started late but hey at least I can contribute to the last tax year until April. Still won’t be enough to retire when I’m old so prob gonna need to get a job with a 401k.
I want to know who makes 7.5 mil a year lol in their 40s.
Thats the problem graham i dont wanna be rich when im 60 i be rich now
The only thing I might add to this is that if you are in your 20’s and trying to figure out what you will need in retirement, make sure you account for inflation. You can use an online CPI inflation calculator. When I started investing for my future back in 1993, I determined I needed one million dollars to retire comfortably by living off a percentage on my nest egg, but for the same buying power today I now need it to be just over two million dollars, and I’ve had to make adjustments to double the balance of my initial goal to retire with the same comfort level. Keep that in mind when calculating what you think you might need, and revisit that calculation regularly.
This dude is so out of touch with Reality, he is talking about saving money people cant even afford food 🤣🤣🤣🤣
25% pre or post tax for savings
I have a little learning disability and right now I have a-little over 12k saved and my grandma has stuff saved for me when she passes plus when my dad and mom sell the house I get 25k so yeah I’m 25
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that’s what everyone said. I’m still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I’m really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Miller
She is my family’s personal broker and also a personal broker in many families I’m United States, she’s a licensed broker and a FINRA AGENT in United states
After I raised up to 125k trading with her I bought a new House and a car here in the states also paid for my son’s surgery
Glory to God shalom.
The very first time we tried, we invested $1000 and after a week, we received $7500. That really helped us a lot to pay up our bills.
I’m new at this, please how can I reach her?
Really you people know her? I was even thinking that I’m the only one she has helped walk through the fears and falls of trading
I am almost 50 and recently used the advice given in this video. I have just over 5x my current salary saved for retirement so on target. When I went in for my annual review my boss said that I was so vital to my department that she was going to give me a 30% raise. I had to politely tell her that I could not accept. That raise would have put my savings at only 3.5x my salary and so I would be way behind where I should be. I could not afford the pay raise. Thank you for the advice.
Hi Graham, would 401k/Roth IRA contributions count towards these savings figures or is it just what you have in your savings account? That’d make a big difference for me in where I’m at. Thanks.
Back in my day, there were only traditional IRAs and the maximum contribution was $2K.
Hey Guy it’s Graham here, this made me feel so much better, i’m 30, thank you!
Am 18 and have 107k saved up
When you say “you should have X amount saved and invested” does that mean total investments across brokerage, 401k, Roth, checking account? Or just in a retirement earmarked account?
It’s crazy how at 21 years old I’m beating most 30 and 40 year olds in salary. I’m a truck driver so it makes sense lol 90k last year
Hello
Don’t get a credit card
Graham I would love to hear your ideas on some of the best stocks to invest in currently‼️
I’m 23, I have like a 5 month emergency fund saved, so I’m investing 1.5k/month split between stocks and IRA. Taking advantage of living at home while I can 😭
Yes I’m 23 and I have – net worth . I feel stuck.
Great information and content as usual. Thank you! ✔️
When you say we should have 1x or 3x our income saved, is that specifically for retirement? A lot of my savings right now is for a house down payment, but if I ever use it to buy a house, then I’ll be below the threshold again.
Where were you 20years ago?? 😫
Is it possible for you to do a concreit real estate investing app review? I would really appreciate it. Nice video by the way.
My God, this man moves his arms around a lot, lol!
Wow I’m 21 and I have a 50k net worth and i still think im really behind
We are screwed
Market highs can sometimes be followed by corrections, but predicting the timing and extent of it is challenging. I’ve heard some analysts talk about a ‘massive’ correction. It makes me wonder if it’s time to adjust my $2M portfolios or maybe even consider some defensive investments.
Consider diversifying your portfolio with a mix of stocks and stable assets. Seeking professional advice now could provide valuable insights and strategies to navigate market uncertainties and protect your investments.
I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i’ve accrued over $2m with the help of my advisor from an initial $350k investment.
How do I find this Advisor ?>
NICOLE DESIREE SIMON is the licensed coach I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
I’m currently cautious about traditional investments due to the fast and overwhelming changes on the horizon (with AI). I’d love to see videos on how AI could transform the financial system (because personal finances will be effected by it and your channel is about personal finance). Lately, I find myself not clicking on your videos as often; they seem to cover what feels like yesterday’s news now. And because the AI development is exponential, what could happen, that without this content your channel will be obsolete very fast. (No hard feelings, still a fan!)
YouTube, the only platform a 5’2″ Graham feels like he is a normal 5’9″ human.
I’m riding the high wave now. 40yr and making $350k and $2.5m in assets. Full time government Job and do realsates on the side. 60% of my income from my side job ( real estate)
Graham is a greedy clickbaiter scammer, i hope people wake up to see who he really is
I’m 24 with 20,000 saved up so far
Not bad
Already stressed out by the title!
0:01 Are you ready to feel bad about yourself? Alright, lets do this!!
21 and my networth is $120k liquid lol
perks of running a business
Another recycled video idea, yey.
How do you account for networth for married couples. Do you just divide by two?
Would you bother opening an Roth IRA if your work provides a Roth 401K?
A lot of false information. Those compound interest models only assume a consistent growth but if you start adding in negative years or bear markets over 30 years it affects the growth. The average is 10% but for a compound interest models gets affected
I just turned 24 and have a NetWorth of 30k. It feels like I am really not doing that well, it seems nearly impossible to be able to afford in this financial cycle a house start a family buy a car ect. This makes me feel better, but very worried for the future for many.
Amazing video! Lots of great tips!
Where is my $31.571.. Where? 😶
Love the content. I have reduced the number of bad decisions i make after starting to watch your videos. I am slowly getting there. Thank you
Would you be interested in financial videos that go deep into the numbers via simulations, graphs and tables vs just going over concepts?
If not, why not? What would be better?
Can we please do a version where people didn’t go to college or don’t have crazy debt
it’s good to see that my $-800 isn’t as bad as I thought it was – gives me a bit of motivation, thanks!
When we’re talking about 3x income saved, are we talking about savings, investments and Roth IRA combined or just a specific fund?
You make this information so digestible (especially for right-brained people like myself who shudder at numbers, lol). I feel so much better knowing I’m actually pretty well off compared to others in my age group! Started investing back in college and it was such a great decision 😊 keep up the great work!
How much you need to do for the Lord to gain rewards during the millennial reign of Christ? This life is temporary. Anything you make in it will just go to someone else or rot away or be stolen or burn in the fire.. Get ready people the time is at hand. Don’t waste all your time with the cares of this world..
Im 24 and im able to save 30% of my income due to having a partner to split our bills
I want to say thank you, Gram. I found your videos when I was about 15. Now I’m almost 20, and I have followed your advice. I stayed out of debt and learned some skills. Last year, I made about 88k, and I’m on track to make more than 100k this year. I am also saving for retirement. I got into some debt, but I have paid it all off.
I’m 23 and he was pretty close since I bought a car recently. With credit card debt I’m -14 haha. Not the worst thing ever.
Time to stop sleeping on Bitcoin
So out of touch….”Just save a measly 416 dollars a month and you’re set” bro we out here working in hot, dirty factories 60 hours a week killing our minds and bodies just to barely pay the rent.