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URL:  http://boards.fool.com/how-much-are-you-currently-saving-towards-20098051.aspx

Subject:  Re: What percentage of gross? Date:  1/5/2004  11:44 AM
Author:  ImCalvin Number:  1697 of 5084

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% 401k
4.56% Roths
------
13.68% retirement savings
1.72% additional from employer
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15.40% TOTAL RETIREMENT SAVINGS
Looking at our other savings amounts I think we did pretty good on limiting the expenses that we had:
14.62% for house down payment
10.29% to create efund
3.84% to create car fund
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28.75% TOTAL NON-RETIREMENT SAVINGS

45.15% TOTAL SAVINGS
We 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.

-Ben
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