How much should you save in your 20s

We all know we should save money, but how much should we save each year? In this article, I’ll help you figure out how much you should save annually.

How much money do you need to retire with $100,000 a year income

I’ll also give you a few examples with some cool charts and data tables.

But first, here’s the short answer:

As a general rule, you should save 20% of your yearly income. More personally, you should save enough money every year to reach your long-term financial goals.

For example, a 24-year-old wanting to retire with an annual income of $100,000 per year at age 65 needs to save/invest $10,900 per year, given an average return of 7% per year.

Most articles on this topic give generic advice on specific items you can save money on.

Either that or they postulate that “saving 20% of your income” should be the goal for everyone, arbitrary as it is. In fact, I wrote an article about it you can check out: Is Saving 20% Of Your Income Enough?

In this article, you’re not getting advice on stuff to save money on, or random percentages of your income you should save… I’ll help you fig