average american saves per year
At some point, youâll be using this money to support your lifestyle. By the time you reach 60, you should have six times your salary saved â thatâs $360,000 if you make $60,000 per year. Unfortunately, the average sixtysomething has an estimated median of $172,000 in the bank. Not nearly enough. At this point itâs hard to save enough to make up for the shortfall.