“I absolutely believe more than 1 in 6 millennials should have at least 100,000 dollars or more saved up if they ever want to achieve financial independence and not work at a job they hate for the rest of their lives,” Financial Samurai founder Dogen revealed his opinion.

“Based on my 401(k) savings by age guide, you should have the following saved in your pre-tax retirement account by age:

-100,000 – 300,000 dollars by age 30

-250,000 – 1,000,000 dollars by age 40

-600,000 – 2,250,000 dollars by age 50

-1,000,000 – 5,000,000 dollars by age 60.”