The Motley Fool Discussion Boards
Retirement Discussions / FIRE Wannabees
|Subject: Re: What percentage of gross?||Date: 1/5/2004 11:44 AM|
|Author: ImCalvin||Number: 1697 of 5016|
How much are you currently saving towards retirement, as a percentage of gross?
Just ran up the numbers last Friday, things are down pretty significantly this year (down from ~27% previously).
9.12% 401kLooking at our other savings amounts I think we did pretty good on limiting the expenses that we had:
14.62% for house down paymentWe also had a couple big outflows this year, but were able to pay for them entirely with cash:
paid for our wedding (ceremony, reception, rings, honeymoon) with CASH (6.08%)
paid for our pre-honeymoon trip to Europe with CASH (1.90%)
All in all I'd say it was a good year for us despite retirement savings being down. Keeping it all in perspective, our net worth is up 136% over the past 14 months. Ideally, I'd like to be saving around 30% for retirement, but I'm not sure how realistic that's gonna be as it's likely I'll be less employeed soon.
|Copyright 1996-2013 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|