What percentage of your HHI do you save for retirement at what age(s)?

[Anonymous]

We save a little over 20% of our HHI toward retirement. 41 and 43.

The rest of savings goes toward savings account and 529s.

[Anonymous]

I did 25% for 15 years. I'm done saving now at 45. Not adding anything and able to work part time only.

[Anonymous]

30 and 33, $280k, save 20% including matches.

[Anonymous]

24% plus a pension worth $69k pension in the todays dollars.

Not a lot into other savings till college is done.

[Anonymous]

About 1/3. 50 years old. Probably should stop saving soon.

[Anonymous]

Rather than what you save, look at what you have saved at diff. ages. The Millionaire Next Door model has the most aggressive savings goals - (A) - Average Accumulator of Wealth - Income*Age/10, and (B) - Prodigious Accumulator of Wealth = (A) * 2.

I think a better model would be to base it on expenses. i.e. What's your annual expense as a percentage of net worth? Keep the pressure on until you get to 3% but track and measure annually.

[Anonymous]

Age 33, about 25%

[Anonymous]

38 and 42, around 33%. We got a late start with too many years in school and insecure jobs.

[Anonymous]

Age 40 and I save over 30%. DH maybe a little less but in the ballpark. We max out our 401ks pretax to lower our AGI so we can contribute to our Roth IRAs. Also have another employer based plan that accounts for 12% of income. We started our careers late and our incomes increased a lot in our 30s. So we have felt a need to play catch up so our savings are consistent with our higher incomes.

[Anonymous]

Varies depending on bonuses (our spending stays the same) but roughly 20-30%. Large one-off bonuses all go to savings. Not all of the savings is tax sheltered though.

[Anonymous]

42. Over 100% of after-tax income is saved. I prioritized paying off my house and having lots of cash on hand over retirement savings my entire life. Now that I have no mortgage, it's all going to retirement/investments (I now have $8K in retirement!). I say over 100% of after-tax income will be invested because I also get an annual gift from my parents.

[Anonymous]

Always save over 50%. Some of that goes into housing equity.

[Anonymous]

We’re 38 and 39 and the percentage depends on how/what you calculate. 7.6% if you look at cash contributions. 12% if you count cash and mandatory contributions to our pensions. 16% if you include cash, mandatory pension contributions and our employer match. Overall, we’re projected to have more than enough for retirement. We have no plans to try to increase our overall contributions. Our DD is disabled so we’re not saving for college, but we are saving in her ABLE account.

[Anonymous]

We max out 401k’s and all bonuses go into savings so the total can be variable. But I’m sure it’s at least 25% and sometimes more. We are a bit crazed about saving for college and retirement plus my husband is a big proponent of having a big FU fund so we are never “owned by the man”. We live comfortably but well below our means but it’s a great comfort to not worry about money. We are 38 and 39.

[Anonymous]

I saved 70%+ during my 20’s before having kids, hit 500k at 30. Now save 20% but the 500k has grown to 7 figures.