Start Average age for dating

Average age for dating

Finally, the chart should show you the power of consistency.

Of course you can lose money and make much more if you are good and lucky.

I’ve tried to keep things as simple as possible, assuming no inflation and no investment returns.

I also believe saving $5,000-$15,000 a year in after-tax income is very realistic for the above average person, and probably very easy for many who earn more than $85,000 per person.

For example, for the last five years, my company paid out more than $20,000 a year in profit sharing As I was the vice president and executive director.

The above chart assumes on the low end that one saves about $5,000 a year in after-tax income and around $10,000-$15,000 a year in after-tax income on the high-end after maxing out their tax-deferred retirement vehicle.

Given the 401k maximum contribution limits have increased over time, the three columns from left to right can also be used as guidance for older savers over 45 years old, middle aged savers between 30 – 45, and younger savers under 30 who get to max out at $18,000 a year at the minimum for the majority of their careers.

For example, when I started contributing to my 401k in 1999, the maximum contribution limit was only $10,000.

According to CNN Money, the average net worth for the following ages are: $9,000 for ages 25-34, $52,000 for ages 35-44, $100,000 for ages 45-54, $180,000 for ages 55-64, and $232,000 for 65 .