No savings at 50? Here’s how I’d use Warren Buffett’s playbook to build wealth and retire comfortably

Reaching 50 with little or no savings can feel overwhelming. But it certainly doesn’t mean all hope is lost.

In fact, by borrowing a few pages from Warren Buffett’s investment playbook, I believe it is still possible to build meaningful wealth over time and potentially enjoy a comfortable retirement.

Buffett didn’t get rich by chasing trends or trying to outsmart the market in the short term. Instead, he relied on patience, discipline, and a relentless focus on quality. Those principles can be just as powerful for everyday investors, even when starting later in life.

Think long term even at 50

One of the cornerstones of Buffett’s success is his long-term mindset. He buys shares with the intention of owning them for many years. This allows time and compounding to do the heavy lifting.

While a 50-year-old investor may not have decades of investing ahead of them, they still likely have 15–20 years before retirement. That’s more than enough time for compounding to work, especially if ASX share investments are made consistently.

The key is to stop thinking in terms of quick wins and instead focus on steady progress. Even modest returns, when reinvested over time, can add up to something meaningful.

Focus on quality businesses

Buffett is famous for favouring high-quality businesses with strong competitive advantages. These are companies with lasting brands, loyal customers, pricing power, and the ability to generate reliable cash flow.

Importantly, he doesn’t insist on buying them at any price.

Instead, he looks to invest when the market is overly pessimistic, often during periods of economic uncertainty or when an industry falls out of favour. These temporary setbacks can push down share prices, creating opportunities for patient investors.

In 2026, there’s no shortage of ASX shares facing short-term challenges. For long-term investors, that can be a feature rather than a flaw, provided the underlying business remains strong.

Examples could be CSL Ltd (ASX: CSL), James Hardie Industries Plc (ASX: JHX), or WiseTech Global Ltd (ASX: WTC).

Consistency matters

Trying to pick the perfect moment to invest is rarely productive. Buffett himself has said that time in the market is far more important than timing the market.

For someone starting from scratch at 50, investing regularly, whether monthly or quarterly, can be a powerful habit. It removes emotion from the process and ensures that capital is being put to work regardless of market conditions.

Over time, this disciplined approach can smooth out volatility and build momentum.

For example, if you could afford to invest $1,000 into ASX shares each month, you might be surprised at how much that could grow over time.

If you were to do this and achieve an average 10% annual return (broadly in line with historical averages), your portfolio would grow to be worth over $720,000 in 20 years.

Foolish takeaway

It is never too late to start investing and by following in Warren Buffett’s footsteps, investors could build wealth and retire rich, even if starting from zero.

The post No savings at 50? Here’s how I’d use Warren Buffett’s playbook to build wealth and retire comfortably appeared first on The Motley Fool Australia.

More reading

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• James Hardie shares lift off on $25 million cost saving initiatives
• 2 beaten-down ASX shares to consider before they recover
• How I’d go about finding undervalued ASX shares to buy and hold forever in 2026
• 4 ASX shares I’d buy with $10,000 today

Motley Fool contributor James Mickleboro has positions in CSL and WiseTech Global. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL and WiseTech Global. The Motley Fool Australia has positions in and has recommended WiseTech Global. The Motley Fool Australia has recommended CSL. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.