How much money should a 21 year old undergrad have?

When i was an undergrad, (8 years ago) i had about $18k. And that was after i had served in the army. No tuition debt. And i cane from a low-income family.

So you are definitely doing well. ! If i have on advice, it would be that you start investing early. Time is your best friend.

$40,000 is quite a sum for a 21 year old. I know of 25/26 year olds who don't even have that much.

It's always good to save, but don't beat yourself up just because they have more savings than you. Some of them may come from more fortunate family backgrounds that may have given them handouts of cash, or maybe they worked really hard part time and started a business. The point is, it doesn't matter.

Your personal finance journey should be yours alone and you should map out your own goals and milestones rather than focus on what others have or do not have. Besides, savings is a habit, not a number. Even if you had $1 million right now, you could blow it all in a year if you don't have good saving habits.