is $5,000 in savings a lot?
cash savings ranked against americans your own age.
54th percentile
$5,000 in savings is about typical for an american aged 25–29: you'd have more cash saved than 54% of them. at 18–20 it beats 82%. these are cash balances (checking, savings, money-market), not retirement accounts.
$5,000 at every age
| age | typical | $5,000 is more than |
|---|---|---|
| 13–15 | $210 | 98% |
| 16–17 | $520 | 93% |
| 18–20 | $1,100 | 82% |
| 21–24 | $2,600 | 67% |
| 25–29 | $4,400 | 54% |
| 30–35 | $6,900 | 44% |
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 $5,000 a good amount to have saved?
- For an American aged 25–29, $5,000 is about typical: more than 54% of them have less.
- How does $5,000 compare at 16?
- For ages 16–17 it is more than 93% of Americans; at 13–15 it is 98%.
- Is $5,000 in savings good at 30?
- At 30–35, $5,000 is more than 44% of Americans; the median is $6,900.
that's one number. behind scores eight.
money, looks, height, popularity, screen time and more, each ranked against everyone born your year in the country you grew up in. one card, about two minutes.
see your card on the app store