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Straits Times Published an article showing that it is possible to save $100k with roughly 6 years of work. The key thing is You have to save at least 50% of your annual pay You got to live within your means and make sacrifices What I felt it misses out are Young adults have many other liabilities that make it practically hard to achieve this Housing, Wedding, Honey Moon, Student Loans Hence the need for sacrifices! How I did it I did a check on my Quicken (see another good reason to do budgeting!) and it showed that I was able to achieve that amount by 30. In fact seems a lot of folks can judging from what you read around. Then again I probably fit the profile of what this experiment did Single Cheap Hobbies Some sacrifices Near 50% saving rate I think I have it much harder since for 3 out of the 6 years my salary was less than the median salary provided. One note is that I only consider the amount that goes into Wealth Building Account as what the article considered. Other saving goals probably out of the equation. Some kids are even more absurd I know many smart young adults nowadays that are sensible enough to do one or more of the following Scholarships (study well!) Start working part time and accumulate Tuition and accumulate NS pay accumulate Start learning about money Some crazy dudes I know with that combination, will have $100k before he starts work at 25 years old. Why does this matter? If you would want to grow wealth By spending less building wealth Leaving more of your salary for escalating expenses You got to let time value of money help you. Here are 2 guys. One guy saves $1k per month from 25 to 35 years old then stops. The other guy starts late and only starts saving from 35 to 65 years old (30 years) At the end of the day, the guy that save for 10 years only uses 120k while the guy that starts late uses 3 times the amount. The difference is the guy starts late only manages to come out 40k ahead. Have a plan when you start working I can understand why folks had a hard time because some things weren’t taught in school but in life (sadly) If you managed to come across this article then hope this helps Its good to have a map that provides you a map how you want to spend your money. If you don’t have you can use the following as a guide. Start Thinking how much to funnel to savings and wealth building http://www.investmentmoats.com/budgeting/saving-100k-by-the-time-you-are-30-years-old/