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    How Much You Should Have in Your Savings Accounts, Based On Your Age

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    How much does the average 30-year-old have saved

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    Saving money should be a lifelong process that evolves as you get older.

    The amount you should save depends on many different factors, including your income, financial goals, location and family status. There are numerous guidelines on how much to save by age group, and none are exactly the same.

    The important thing is to start saving money as early as you can and continue well into your pre-retirement years.

    Starting young allows you to build an emergency fund to cover at least three to six months’ worth of expenses.

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