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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=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.[/quote]

We are similar to you.  We live on $60K (after tax) and try to save $5K/mo. in addition to the 401k withdrawals which are about $25K... so roughly $75-80K/yr saved on a HHI of about $195K.  House is paid off.[/quote]

Similar here as well. We just recently paid our house off. Live on around $55k a year for spending/vacations/property taxes/annual insurance. Currently save about 40k a year in retirement and 70k a year in cash, total of 110k although I never think about retirement and regular savings combined.

However, frankly, [b]I think our savings is excessive[/b]. The only reason it is so high right now is we were chucking at the house and that dropped off a few months ago. We need to make some decisions and meet with an advisor on how to proceed. I would like to spend maybe $20k a year on lifestyle increases (better/more frequent vacations, outsourcing some things, desired but not necessary home improvements), and maybe invest the other $50k.[/quote]

There is no such thing as "excessive savings."  Saving now (while you are still meeting your needs) = freedom and peace later.  You can never be too free or too secure/peaceful.

Being happy with a less than luxurious lifestyle is the easiest way to being financially secure.  Just like getting rid of clutter (where you live) is the cheapest way to a "bigger" house.  [/quote]

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