$140K. Save $1600 toward 401k per month. Currently paying for two in daycare. We aren't able to save much beyond retirement at this point, but plan to move excess daycare costs to 529 savings when older starts PK3 next year.

I don't understand how people are say, in their 40s, with roughly a $200k income (assume didn't earn that the whole time) and have multiple millions of dollars in investments....? Were you able to max 401ks or something from day 1 at age 21?

Even if you max your 401k from age 21, it would take 20+ years to get to "multiple millions" with compounded interest

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We earn $225k and save about $50k. And then whatever earnings are generated off of $3.5M in investments also get "saved."

I point that out not to brag, but only to comment that, at some point when you start accumulating actual wealth, the savings from your earned income become increasingly irrelevant.

How do you have $3.5M in investments? How old are you and how long at $225k?

I'm 45. We married right out of college, which DCUM insists is a horrible idea and makes us trashy. We always lived on just one income, and we had some very fortunate real estate timing for buying, selling, renting, and buying again surrounding the 2008 crash.

Oh, you said how long. It's probably more like $250k now. We haven't made more than that. Primary salary is engineering.

It really depends on what you mean by "save." We fund a separate account for next year's fixed expenses and not-fixed that we know we'll incur. It includes insurance, camps, holiday expenses, annual home maintenance, pet expenses, and a few other things, and it's about $50k/year. I don't consider that savings. How about the $500/month we put aside for a new car/car expenses? I don't consider that savings either. It really is all about the definition.

Anonymous wrote:

Anonymous wrote:We earn $225k and save about $50k. And then whatever earnings are generated off of $3.5M in investments also get "saved."

I point that out not to brag, but only to comment that, at some point when you start accumulating actual wealth, the savings from your earned income become increasingly irrelevant.

How do you have $3.5M in investments? How old are you and how long at $225k?

I'm 45. We married right out of college, which DCUM insists is a horrible idea and makes us trashy. We always lived on just one income, and we had some very fortunate real estate timing for buying, selling, renting, and buying again surrounding the 2008 crash.

Anonymous wrote:We earn $225k and save about $50k. And then whatever earnings are generated off of $3.5M in investments also get "saved."

I point that out not to brag, but only to comment that, at some point when you start accumulating actual wealth, the savings from your earned income become increasingly irrelevant.

How do you have $3.5M in investments? How old are you and how long at $225k?

$210k - very little right now.

My husband puts 5% of his salary ($5k) into 401k each year to get the maximum match ($4k). My company just puts 3% in a 401k (it's not a match, every one gets it) so that's another $3k. So, $12k to retirement each year.

That's all.

We stretched on our mortgage 3 years ago, and we have a nanny for our two kids. When the oldest goes to school in August, we'll drop back to a nanny share and have WAY more monetary flexibility, so we'll start saving more.

I'm excited to see honestly. We just went from HHI $150k to $260k. At $150k we were saving about $12-15k per year (2 kids in daycare).

Anonymous wrote:Everything is estimated here because of bonuses, commission etc.

We make appx $300K combined and save appx $75,000 a year. We aim to live off one salary and save one salary approximately.

And, I don’t know how I feel about it LOL but I am newly trying to budget to see how knowing where all of our money is makes me feel about it.

Everything is estimated here because of bonuses, commission etc.

We make appx $300K combined and save appx $75,000 a year. We aim to live off one salary and save one salary approximately.

Anonymous wrote:We make 120k (one income) and save about 20k. We've paid for 1 kid's college and still have 1 to go. We also save whatever is generated by our 1.9 million of investments (accumulated from earlier savings when we were a dual income couple). I'm not planning on retiring for at least another 15 years and we will only need about 2.5 m to sustain our lifestyle + contingencies in retirement so we really don't need to be saving any more now, but it's a habit.

You guys are doing great

We make 120k (one income) and save about 20k. We've paid for 1 kid's college and still have 1 to go. We also save whatever is generated by our 1.9 million of investments (accumulated from earlier savings when we were a dual income couple). I'm not planning on retiring for at least another 15 years and we will only need about 2.5 m to sustain our lifestyle + contingencies in retirement so we really don't need to be saving any more now, but it's a habit.

$275K HHI, save about 4,200 a month in 401k, 529 and other savings.

We earn $225k and save about $50k. And then whatever earnings are generated off of $3.5M in investments also get "saved."

I point that out not to brag, but only to comment that, at some point when you start accumulating actual wealth, the savings from your earned income become increasingly irrelevant.

We make 360k and save 3k per month.