How much cash should i have in the bank

If you’re wondering how much you should have in savings, that exact amount really revolves around your current money situation.

How much money should i have in my savings account at 30

How much money should i have in my savings account at 30

How much should i save per paycheck calculator

How much savings should i have by age

How much money do you have to keep in your savings account to keep it open

How much money we can keep in savings account without tax

So, let’s start with a broad answer and then walk through how to find your specific number!

How Much Should I Have in Savings?

The quick answer is this: It depends!

To give you an idea of what’s common, here’s the median amount Americans have in savings by age:

Age	Median Amount in Savings1
Less than 35	$5,400
35–44	$7,500
45–54	$8,700
55–64	$8,000
65–74	$13,400
75+	$10,000

Now, does that mean you should take the amount that matches your age range and make it your target goal?

Nope. How much you should have in savings shouldn’t be based on a government stat.

How much should i have in savings at 40

It should be based on where you are with your money.

Eventually, your goal is to have 3–6 months of expenses in a fully funded emergency fund and at least 15% of your gross pay going into retirement savings.

(These are part of the 7 Baby Steps, aka the

how much should have in savings account

how much money should be kept in savings account