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No. of Recommendations: 1
I think that it is great that you are able to save this money now, before you have too many other expenses, like a house, children, etc.

Are you saving too much for retirement? Could be. If you plan on buying a house or starting a family in the next five years you may want to think about putting the money away in savings or investments that can be liquidated without penalties. I made the mistake of putting most of my savings in IRA's when I was young and then later I had to withdraw them early to purchase a house.

But, you are still in much better shape than someone who is just spending what they make with no plan for the future.

Good Luck,

nittany85
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