How much do you save as a percentage of your income?

[Anonymous]

I hear it should be 10%.

[Anonymous]

About 14%. 10% in the company 401k and $5k a year into a separate Ira for both of us. This is retirement only. Another $200 a month each into short term savings. And whatever is left from bills is rolled over to that as well (ther usually is left over).

[Anonymous]

I put the max into my 401K, my work puts 5% of my salary.

Otherwise we are not saving, kids are in private school and lots of expensive activities. Oh well!

[Anonymous]

House is paid off. We live on about $60k per year. We save about $100k. Half of that is pre-tax (retirement accounts), the other half is after-tax.

[Anonymous]

We are closer to 20%. 10% isn't enough in the long run.

[Anonymous]

We save my whole paycheck. But we're saving hard for kids right now. We won't have much left over when kids come.

We both put 18.5k into our 401ks and then about 4k a month into savings together.

[Anonymous]

10% seems very, very low unless you're making a lot.

That means that someone who's making 75k is only saving 7.5k a year including retirement?

[Anonymous]

Anonymous wrote:10% seems very, very low unless you're making a lot.

That means that someone who's making 75k is only saving 7.5k a year including retirement?

If you start early, that's fine.

[Anonymous]

Net or gross?
If this includes 401k i agree 10% sounds low.
We save about 26% of our gross HHI across retirement and other savings mechanisms.

[Anonymous]

DH and I each save about 13 percent in our retirement accounts, and we save a tiny bit ($250 total) each month in 529s for our kids. We live in DC and make 160k--a respectable amount, but we aren't kidding ourselves that it's a lot for the area.

I'm actually pretty proud of us for saving that much!

[Anonymous]

We max out our 401ks at about 13%, and we are paying extra towards our mortgage by having a 15 year loan. We have an emergency fund of a few months expenses, but we don't save any more than what it is to keep that amount constant after we dip in occasionally. We also put in a decent chunk in a 529 early, so we let that grow but don't really add to it.

[Anonymous]

HHI $200k, about 13% in retirement.

Once we get a handle on some debt (lot of student loan, a little bit of CC), we'll max 401ks and save about $1500 a month.

[Anonymous]

18%

[Anonymous]

Theoretically 20%, but we recently had significant expenses, so... I should do a budget check.

[Anonymous]

About 53k a year in retirement accounts. Very little elsewhere at the moment, unfortunately.