How much money you should have saved before you get married (2024)

The average American gets married in their late 20s — at age 27 for women and age 29 for men — and the best time to get married may be between ages 28 and 32, according to a University of Utah analysis that found that those who commit at that point have the lowest risk of getting divorced.

So how much should you have saved by then?

The rule of thumb is to have roughly the equivalent of your annual salary in savings by then, experts say. If you earn $50,000 a year, for example, you should aim to have $50,000 put away.

That amount includes any retirement account contributions, matching funds from your company, cash savings or money you have invested elsewhere, in index funds or with a robo-advisor.

How much money you should have saved before you get married (1)

VIDEO0:5500:55

Here's how much you should save at every age

While this is a good general rule, everyone's individual situation is going to be different depending on whether you have debt or loans or other family responsibilities.

Still, before tying the knot, you'll want to open up about things like how much you want to spend on the wedding and whether or not you want to buy a home right away. Depending on what these more immediate expenses look like, you may decide you want to have more saved.

You'll also want to talk about how you will blend your finances. Do you want to have a joint bank account, or do you want to keep them separate? How are you going to save for each other's, or your shared, goals if your incomes are different? How are you actually going to reach those goals together?

While money conversations aren't necessarily easy or fun, they're essential. After all, arguments about finances are the top predictor of divorce.

How much money you should have saved before you get married (2)

VIDEO4:2404:24

Couples disclose their largest unexpected expense

If you get married earlier or later than the typical American does, your savings goals will look different. Here's a guide for how much you should have saved at various ages:

In your 20s: Aim to save 25 percent of your overall gross pay
By age 30: Have the equivalent of your annual salary saved
By age 35: Have twice your annual salary saved
By age 40: Have three times your annual salary saved
By age 45: Have four times your annual salary saved

Like this story? Like CNBC Make It on Facebook!

Don't miss: Self-made millionaire explains why his wife won't be getting roses for Valentine's Day

How much money you should have saved before you get married (3)

VIDEO4:0104:01

Three couples reveal their financial plans for the future

How much money you should have saved before you get married (2024)
Top Articles
SafetyWing Review: A Good Health Insurance for Digital Nomads?
Best Travel Insurance for 2024 | Guide & Reviews
The Tribes and Castes of the Central Provinces of India, Volume 3
Victor Spizzirri Linkedin
Custom Screensaver On The Non-touch Kindle 4
Dte Outage Map Woodhaven
Mama's Kitchen Waynesboro Tennessee
Google Jobs Denver
America Cuevas Desnuda
سریال رویای شیرین جوانی قسمت 338
Derpixon Kemono
Robot or human?
Degreeworks Sbu
C Spire Express Pay
Kaomoji Border
Clarksburg Wv Craigslist Personals
Bad Moms 123Movies
Enterprise Car Sales Jacksonville Used Cars
Unlv Mid Semester Classes
Billionaire Ken Griffin Doesn’t Like His Portrayal In GameStop Movie ‘Dumb Money,’ So He’s Throwing A Tantrum: Report
Is Grande Internet Down In My Area
Virginia New Year's Millionaire Raffle 2022
Selfservice Bright Lending
Spn 520211
67-72 Chevy Truck Parts Craigslist
Happy Homebodies Breakup
Hannah Palmer Listal
2015 Kia Soul Serpentine Belt Diagram
Free T33N Leaks
Bayard Martensen
Turns As A Jetliner Crossword Clue
Sacramento Craigslist Cars And Trucks - By Owner
Mawal Gameroom Download
Obsidian Guard's Skullsplitter
Pfcu Chestnut Street
Envy Nails Snoqualmie
Wbli Playlist
Ljw Obits
Tds Wifi Outage
Bartow Qpublic
Xxn Abbreviation List 2023
Mid America Clinical Labs Appointments
Three V Plymouth
Carteret County Busted Paper
Gregory (Five Nights at Freddy's)
Rush Copley Swim Lessons
Zeeks Pizza Calories
St Anthony Hospital Crown Point Visiting Hours
Whitney Wisconsin 2022
Horseneck Beach State Reservation Water Temperature
Puss In Boots: The Last Wish Showtimes Near Valdosta Cinemas
Honeybee: Classification, Morphology, Types, and Lifecycle
Latest Posts
Article information

Author: Kareem Mueller DO

Last Updated:

Views: 5904

Rating: 4.6 / 5 (46 voted)

Reviews: 93% of readers found this page helpful

Author information

Name: Kareem Mueller DO

Birthday: 1997-01-04

Address: Apt. 156 12935 Runolfsdottir Mission, Greenfort, MN 74384-6749

Phone: +16704982844747

Job: Corporate Administration Planner

Hobby: Mountain biking, Jewelry making, Stone skipping, Lacemaking, Knife making, Scrapbooking, Letterboxing

Introduction: My name is Kareem Mueller DO, I am a vivacious, super, thoughtful, excited, handsome, beautiful, combative person who loves writing and wants to share my knowledge and understanding with you.