The Motley Fool Discussion Boards
Retirement Discussions / FIRE Wannabees
|Subject: Re: What percentage of gross?||Date: 1/3/2004 10:22 PM|
|Author: peteyperson||Number: 1651 of 5145|
The board doesn't get a lot of traffic but the posts are usually of high quality. I personally think that's a lot more valuable.
I just found this board today, and in my first 5 minutes of reading it, I ran across a post by ChocoKitty in which she said she is only putting about 20% of her gross away for retirement. (Chuckles about how only a FIRE wannabe would lament saving only 20% were also included).
CKs post got me wondering...what percentage of gross income are all of you saving towards retirement/FIRE? I am personally putting 14% of gross into my 401k at this time, with plans to increase my retirement savings anytime I get a raise, and further increase them when I've paid off my CC debt. I don't have a particular percentage goal in mind at this time since I'm really trying to focus on some other items first before I hit FIRE super-hard.
How about all of you? How much are you currently saving towards retirement, as a percentage of gross? How much would you LIKE to save towards retirment as a percentage of gross? (If you are already retired, let us know what percentage you saved during your accumulation stage).
Looking forward to responses,
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