How much should a 50 year old have in savings UK?
How much should a 50 year old have in savings UK? The average savings you should have reached by age goes up to £198,390 by the age of 50, with average savings by age 60 in the UK at around £270,100. Furthermore, the average savings in your account by age 50 and 60 should be six and eight times your preretirement income, respectively.
At what age should you have 50k saved?
By age 30, you should have saved about $52,000, assuming you're earning a relatively average salary. This target number is based on the rule of thumb you should aim to have about one year's salary saved by the time you're entering your fourth decade.