A new survey from Empower, a retirement services provider, has revealed ideal ages for six financial milestones that Americans ascribe to achieving. The findings, however, are tinged with regret. Nearly half of respondents said they wish they had started saving sooner, and nearly one quarter felt behind in reaching money milestones.
According to the survey, the ideal age to start saving for retirement is 27, but experts say this might be too late for some individuals who enter the workforce at a young age. In contrast, younger Americans are already saving for retirement early, with Gen Z workers starting at 20 and millennials at 26.
The average age of landing a dream job has been estimated to be around 29, according to a Labor Department report. However, experts argue that there is no set deadline for achieving this milestone, as it can vary greatly depending on individual circumstances.
Buying a first home has become increasingly challenging, with the average age of first-time buyers now pushing 40. While some young buyers are making it work by opting for condos or living in affordable neighborhoods, others may struggle to afford homes due to rising prices and mortgage rates.
Earning six figures is not as achievable as previously thought, with most Americans earning around $62,500 a year. Experts say that reaching this milestone “seems more aspirational than realistic” for many jobs.
Becoming debt-free by 41 might seem like an achievable goal, but experts warn that certain types of debt can be beneficial when used strategically. In contrast, paying down high-interest credit card debt is often recommended as a priority.
Finally, the ideal age to retire varies greatly depending on individual circumstances, with most Americans planning to retire later than previously expected.
Source: https://eu.usatoday.com/story/money/2025/08/23/money-milestones-income-retirement-debt-homeownership/85764871007