Back in the old days, people did what was expected of them. Tradition played a bigger role in society and you were expected to have saved fixed amounts by a certain age. But the world has changed and so have we. Here’s our new approach to how to measure your wealth by age. 

Wealth by age

No two people have the same experience in life and for that reason there’s no universal rule for how your finances should be progressing by age. You should only ever use your age and net worth as an inspirational guideline and never as a way to measure your value as a unique human being. 

What does saving mean? 

Let’s clear up a quick misconception about saving. Saving doesn’t mean letting your money sit in a bank account. It means putting your money to work with investment. If your savings stay in your account, you miss out on the easiest way to start growing your wealth: compound interest. 

Compound interest is when the interest you earn on your investments gets reinvested straight away and earns interest of its own. This is one of the most important factors in growing your money. You don’t even have to lift a finger!


Calculate your net worth:

Your net worth is the total value of all your assets. Here are some of the most important things to include in your calculations: 

  • Savings
  • Pension contributions
  • Equity on property
  • Assets like ETFs or other investments

Once you’ve worked this out, subtract any liabilities you might have:

  • Loans 
  • Credit card debt
  • Long-term finance plans such as cars

Savings by age 20

In your early twenties you don’t need to be worth anything at all. Try and get into the habit of budgeting and putting money aside each month.

Savings by age 30

A rough goal for savings by age 30 is around one year of median salary in your country. Try to diversify your sources of income and become debt free. 

Savings by age 40 

At age 40, aim for roughly 100k in assets. This might seem impossible, but if you save just 200 euros a month starting from your twenties, you’ll smash this target. 

Savings by age 50

If you’ve doing some simple budgeting and investing, you could have around 6 times the median salary of your country. 

Savings by age 60

By age 60, you’ll probably be looking to hang up your work shoes and retire. A good savings bench mark for this age is around 25 x your annual expenses. It might be hard to imagine at the start of your financial journey but after a lifetime of saving and investing you could easily surpass this figure. 

Savings by age 70+

After age 70, your compound interest will have had several decades of growth. If you’re living within your means, you should be able to have a comfortable lifestyle for your remaining years. Your assets will also continue to earn interest. 

The aim of these wealth frameworks is not to shame you into submission, but rather to inspire you to develop your own personal finance philosophy that will help you to be happy, fulfilled and supported in your later years.

 At Nuri, our goal is to empower people to build a better financial future and grow their wealth. We believe that each person can easily become an investor and start to live life on their own terms. From saving to investing, Nuri guides you to grow your money