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The most important part of this is to develop a regular savings plan. Pay yourself first. Which means make sure part of each raise or bonus goes into savings.

Once you max the pretax portion of 401k and Roth IRAs, some would continue with after tax contributions to the 401k to max the plan.

Others would begin a taxable investment program focusing on the long term buy and hold strategy. You pay taxes only when you sell and then at capital gains rates.

As to how much to save, work out how much is appropriate for you. You want a comfortable lifestyle. Your family will have needs in the future such as education of your children. Savings gives you more choices. And with success the ability to retire early or start your own business or pursue your dreams.

Every family is different. One size does not fit all. But an attractive target if you can arrange it is to save 1/3 of gross pay. Then you live on one third, pay one third for taxes and benefits, and save the last third. If you manage to achieve that, early retirement etc becomes possible.
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