Financial Age Calculator
Are you financially ahead or behind your chronological age? Find out by comparing your savings to national benchmarks.
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Your Information
Include 401k, IRA, savings, investments. Don't include home equity.
Your Financial Age
🎉 Congratulations! You're financially 15 years ahead of the median person. You have the savings of a typical 50-year-old.
| Metric | You | Expected at 35 |
|---|---|---|
| Age | 35 | 35 |
| Savings | $100,000 | $35,000 |
| Financial Age | 50 | 35 |
| Status | 🎉 Well Ahead | |
Recommendations for You
- •Focus: Maximize retirement contributions and reduce debt
- •Goal: Have $225,000 (3x annual salary) saved by age 40
- •Peak earning years ahead - establish strong savings habits
- •Optimization: Consider tax-advantaged accounts (Roth IRA, HSA)
- •You could potentially retire early at this pace!
Future Financial Age Projections
Savings Benchmarks by Age
| Age Range | Median Savings | Average Savings |
|---|---|---|
| 18-24 | $5,000 | $20,000 |
| 25-29 | $10,000 | $35,000 |
| 30-34 | $20,000 | $60,000 |
| 35-39 | $35,000 | $100,000 |
| 40-44 | $50,000 | $150,000 |
| 45-49 | $75,000 | $225,000 |
| 50-54 | $110,000 | $300,000 |
| 55-59 | $150,000 | $400,000 |
| 60-64 | $200,000 | $500,000 |
| 65-69 | $220,000 | $550,000 |
| 70-74 | $210,000 | $525,000 |
| 75+ | $195,000 | $475,000 |
Data based on 2025 Federal Reserve Survey of Consumer Finances. Includes all retirement accounts and savings.
What is Financial Age?
Your financial age is the age of the average person who has the same amount saved as you. It's a way to see if you're financially ahead or behind your chronological age.
Example
• You're 30 years old with $60,000 saved
• The median 35-year-old has $60,000 saved
• Your financial age is 35 (5 years ahead!)
Why It Matters
- Provides perspective on your financial progress
- More intuitive than percentile rankings
- Motivates younger savers who are ahead
- Alerts older savers if they're falling behind
- Shows the impact of financial decisions in relatable terms
Median vs. Average: Which Should You Use?
We recommend using median for comparison because it's more representative of the typical person:
📊 Median (Recommended)
- • 50% of people have more, 50% have less
- • Not affected by ultra-wealthy outliers
- • Represents the "typical" person
- • Better for realistic comparisons
📈 Average
- • Mathematical mean of all savings
- • Skewed higher by ultra-wealthy
- • Can be misleading
- • Still useful for comparison
Example: For ages 35-39, the median savings is $35,000 but the average is $100,000. Most people have around $35,000, but a few ultra-wealthy individuals pull the average up to $100,000.
Retirement Savings Rules of Thumb
Financial experts recommend having a certain multiple of your annual salary saved by specific ages:
| Age | Recommended Savings | Example ($75k salary) |
|---|---|---|
| 30 | 1x salary | $75,000 |
| 35 | 2x salary | $150,000 |
| 40 | 3x salary | $225,000 |
| 45 | 4x salary | $300,000 |
| 50 | 6x salary | $450,000 |
| 55 | 7x salary | $525,000 |
| 60 | 8x salary | $600,000 |
| 67 | 10x salary | $750,000 |
Source: Fidelity Retirement Guidelines. Assumes you maintain your current lifestyle in retirement.
How to Catch Up If You're Behind
If you're behind on savings, don't panic! Here are concrete steps to catch up:
1. Increase Your Savings Rate by 5%
If you're saving 10% of income, try to increase to 15%. This can close a 5-year gap in just 18 months.
2. Maximize Tax-Advantaged Accounts
401k: $23,000/year ($30,500 if 50+) • IRA: $7,000/year ($8,000 if 50+) • HSA: $4,150/year ($8,300 family)
3. Take Advantage of Catch-Up Contributions
If you're 50+, you can contribute an extra $7,500 to your 401k and $1,000 to your IRA annually.
4. Automate Your Savings
Set up automatic transfers to savings/investment accounts on payday. You can't spend what you don't see.
5. Reduce One Major Expense
Housing, transportation, or food typically account for 60%+ of spending. Reducing one by 20% can free up significant savings.
6. Consider Side Income
An extra $500-1,000/month from freelancing, consulting, or a side business can dramatically accelerate your savings.
The Power of Compound Interest
Small changes in savings rate have a massive impact over time thanks to compound interest:
| Monthly Savings | 10 Years @ 7% | 20 Years @ 7% | 30 Years @ 7% |
|---|---|---|---|
| $200/month | $34,664 | $104,197 | $244,692 |
| $500/month | $86,661 | $260,494 | $611,729 |
| $1,000/month | $173,322 | $520,988 | $1,223,459 |
| $2,000/month | $346,644 | $1,041,975 | $2,446,918 |
The difference between $500/month and $1,000/month is $611,730 over 30 years. Small increases in savings rate create life-changing wealth.
Frequently Asked Questions
Common questions about the Financial Age Calculator
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⚠️ Important Disclaimer
This Financial Age Calculator provides estimates for educational and informational purposes only. Actual results may vary significantly based on individual circumstances, market conditions, regulatory changes, and other factors beyond the scope of this calculator.
The calculations and projections provided are based on assumptions and historical data that may not reflect future performance.Past performance does not guarantee future results.
This tool is not financial advice, tax advice, legal advice, or investment advice. For personalized guidance tailored to your specific situation, please consult with qualified professionals including:
- Certified Financial Planner (CFP)
- Certified Public Accountant (CPA) for tax matters
- Licensed attorney for legal matters
- Registered Investment Advisor (RIA) for investment decisions
Data Accuracy: All data sources, statistics, and rates were verified as accurate as of October 2025. Tax rates, market conditions, and other financial data change over time. Always verify current rates and consult official sources.
No Warranties: While we strive for accuracy, we make no warranties or guarantees regarding the accuracy, completeness, or reliability of any information provided. Use this tool at your own risk.