Seven-figure savings strategies for twentysomethings who are just starting out. Thinkstock By the editors of Kiplinger's Personal Finance Updated January 2015 At age 25, you've Saved: $0 To reach one million by age 65 you need to save $286 per month, (This assumes an 8% annual return, invested in stocks.)See Also: Retire a Millionaire Successful Savings Strategies You're just starting your career, so this is your chance to build a solid financial foundation. Time is on your side. Contribute enough to your company 401(k) plan to capture your employer match. If you don't have a retirement plan at work, fund an IRA. Sponsored Content You'll be investing for 30 years or more, so you can afford to keep 100% of your account in stocks. Pay down credit cards and other high-interest debt. That will free up money to save for a house. Set up an emergency fund equal to three to six months of take-home pay. Stash it in a readily accessible account. Online banks tend to pay higher interest rates than brick-and-mortar banks.