is $20,000 in savings a lot?
cash savings ranked against americans your own age.
81st percentile
$20,000 in savings is more than most for an american aged 25–29: you'd have more cash saved than 81% of them. at 18–20 it beats 95%. these are cash balances (checking, savings, money-market), not retirement accounts.
$20,000 at every age
| age | typical | $20,000 is more than |
|---|---|---|
| 13–15 | $210 | 99.79% |
| 16–17 | $520 | 99% |
| 18–20 | $1,100 | 95% |
| 21–24 | $2,600 | 89% |
| 25–29 | $4,400 | 81% |
| 30–35 | $6,900 | 74% |
check another amount
cash in checking, savings and money-market accounts. not retirement accounts, not what you owe. nothing you type leaves this page.
how this is worked out
United States, ages 25-29: zero mass 0.08, then lognormal median $5000, σ 1.5, chosen to match the published centre and spread in the sources; breakpoints are the world curve's own (every wheel edge). A modelled curve anchored to published US figures, not a fit to microdata;
- Survey of Consumer Finances 2022 · Federal Reserve Board, 2023
- Economic Well-Being of U.S. Households (SHED) 2023 · Federal Reserve Board, 2024
- Eight in Ten Teenagers Ages 13-17 Say That They Are Currently Saving Money · Ipsos, 2019
questions people ask
- Is $20,000 in savings good?
- For an American aged 25–29, $20,000 is more than most: more than 81% of them have less.
- How does $20,000 compare at 16?
- For ages 16–17 it is more than 99% of Americans; at 13–15 it is 99.79%.
- Is $20,000 in savings good at 30?
- At 30–35, $20,000 is more than 74% of Americans; the median is $6,900.
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