What Amount Should A 30 Year Old Have In Savings?

It’s tough to say because you didn’t include your income and other relevent information. Retirment planning should be done with the idea that your goal is to amass a nest egg sufficient to replace the income stream you lived on when you were working. Assuming you want to maintain your lifestyle in retirement you should plan on being able to generate a minimum of 70% of your pre-retirement annual income each year from the principal base of your retirement funds. Whether or not your current nest egg is sufficient and whether you are saving enough depends on a lot of factors such as the amount of the income stream you need to replace, your current and planned asset allocations, the age at which you wish to retire, your expectations on what you want to do in retirement, your estimated life expectancy etc. The fact that you are concerned with this is the first and most important step in creating a solid retirement plan…my suggestion is to sit down with a qualified financial planner that can assist you in establishing a well structured plan suited to your individual goals. Spending a few hundered dollars now on good advice can give you a much better chance of having a comfortable and rewarding retirement.

You should have 6 months your needs in savings to be reasonably safe. In your case 12K. But they’ve published on yahoo today that:
1. If you have $2,200.00 – you are richer than 50% population of the planet
2. If you assets are over 61K – you are in 10% of the richest people on the planet
3. If you have more than 500K – you are in 1% of the richest
So you question doesn’t have much sense – depends where you live and what you do for a living.

1/8th of your income per year should go to savings for retirement with interest it could be anything depends how much you make and what your lifestyle is and if you want to keep that lifestyle