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Anonymous
Majority of my holdings is in etfs. I would like to hit 100k in invesments.
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Jus wanting to give you a pat on your shoulder
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I don't think there's a good comparison in any case, considering X who holds a $3k job and securing $100k in investments by 30 is far better than Y who earns $10k monthly and has $100k by 30.
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I would compare against myself (save more in terms of % each year), work on growing income to be higher than the median (earn more each year), and the rest should work out itself.
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There is a one-sized fits all answer. Just take the below and adjust by % based on your relative position to median income.
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By 50s, 500k
By 40s, 250k
By 30, 100k
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There's no one-size-fits-all answer for how much you should have invested by your 30s, as it depends...
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In terms of how much you should have in investments by a certain age, the answer can vary depending on your income, financial goals, and personal circumstances. However, financial advisors often suggest benchmarks to give a general sense of whether you're on track. Here's a typical guideline:
Investment Benchmarks by Age:
By Age 30:Aim to have 1x your annual income saved or invested.
Example: If you're earning $70,000 a year, you should ideally have about $70,000 invested by 30.
By Age 35:Aim for 2x your annual income.
Example: If you're earning $70,000, you should target around $140,000 by age 35.
By Age 40:Aim for 3x your annual income.
Example: With an income of $70,000, this would mean $210,000 by age 40.
Your Current Situation:
You mentioned you're in your early 30s and have $70k invested, mostly in ETFs. While individual situations vary, here's a quick look:
Tips to Hit $100k: