answersLogoWhite

0

There is no set amount. Have your own personal goals and don't stress if you haven't got as much saved as someone else your age.

User Avatar

Wiki User

14y ago

Still curious? Ask our experts.

Chat with our AI personalities

DevinDevin
I've poured enough drinks to know that people don't always want advice—they just want to talk.
Chat with Devin
ReneRene
Change my mind. I dare you.
Chat with Rene
JudyJudy
Simplicity is my specialty.
Chat with Judy
More answers

The answer to this question depends on a lot of variables.

For example, one 22 year old may want to live a lavish lifestyle of nice cars, huge houses, and extravagant travel. This person would likely want to put more back for their future (although they almost never do)

Another 22 year old may be perfectly content living a typical middle class lifestyle. They would need to put back less

Wealth is all about income relative to spending. To figure out how much you need to save, you may first want to figure out your future desires and how much you need to earn.

15% of your gross annual income is a good place to start. This is the industry agreed upon number for normal retirement age. Personally I think we all work too hard and it should be 20% or higher. This will help you retire sooner or you could ramp up your income. I would do this with online income strategies.

To learn how to make more money online email me and I’ll send you this free info that worked for me and 100’s of people trying to make money online at easymoneytools99@gmailDOTcom (ADD a . instead of the DOT) and you will see what I mean.

User Avatar

Anonymous

4y ago
User Avatar

Add your answer:

Earn +20 pts
Q: How much money should a 22 year old have saved?
Write your answer...
Submit
Still have questions?
magnify glass
imp