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May 27, 2008


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I'm at 16% without the employer match, 21% with.

I'm at ~21% of gross without the employer match. My goal is to reach 25% of gross either this year or next.

Between my Roth IRA, and my taxable mutual fund accounts (My company doesn't offer a Simple IRA or a 401(k) plan), I contribute about 23% of my total salary. I am hoping the company starts one up next year.

Myself and my husband work and we save around 27% of our income and trying to reach a goal of 30%

We're at about 16% currently. We're finishing paying for kids' college and our daughter's wedding. Should be debt-free (but the house) in two months. Then our savings rate (all types of savings thrown in here...) will get bumped up a lot! We're at the age where we have few wants (except to retire with dignity...) and our largest expenses are behind us. Whew!!

We have two small children so I think our 12% before the employee match and 19% after the match is awesome. Of course some of our savings is targeted savings like a new car to eventually replace our 12 year old camry.

We save about 25% of our gross salary for retirement (not counting match), 18% paying extra toward our house, and 4% long term savings. Total ~47%. My aim is over 50%.

Without my employer "match," I'm at 15.5%. With the "match," it's closer to 21%. I say "match" because they contribute 10% to a retirement account, that I'm fully vested in immediately, on my behalf. I'm going to be really sad the day I have to leave this place (unfortunately, because of the reason I'm at this employer at all, I know it's not a permanent situation).

You all really humble me. My Fiancee and I only save about 5% of our gross income, 10% when employer matching is counted. Hopefully, we can do better in the future as income increases or debt/expenses decrease. She won't let me get a scooter or a motorcycle though when my current car conks out. That would save a bunch.

Nowadays, I save over 50% of my monthly net income. I rent a studio for $565 per month in Chicago. My monthly living expenses is around $1200. I am an independent consultant (S-Corp). I'm in my thirties, single, no kids. I dined out and drank a lot in my twenties. Now, I'm bored of it. (Once in a while, I go out for a drink with old friends.) I max out my traditional and Roth IRAs, and I still have money left over.

We're at 8% without and 12% with. SINK, with a wife finishing up grad school, who is about to start working again :) I believe we can hit a combined income 10% (her salary won't be much to start, but it will be extra less her expenses) by the end of the year, or almost 15% with my employer match. We're also debt free with the exception of our mortgage and a small school loan (so small I think we can pay it off completely within 2 years in addition to buying that retirement property.) Not as good as some, but much better than others and all according to the inflation-adjusted multi-decade retirement plan. Still on track to retire at 55 and looking good for 53 ;).

Wow do I feel bad... I am at 6% (13% with match) I know I should move that up a notch but I am trying to strike the balance between savings, 401k, and paying off loans. I suppose I should add the extra each month to at least hit the pretax limit every year.

Its on my to do list to figure out how much extra that is.

Me, age 24:
20% into 401k, will come close to hitting limit this year.
8% into Employee Stock Purchase Plan - short term savings for car/other fun stuff
$5000 a year into Roth, so about 6.6%
Another 3.2% company match for 401k.

So 29.8% for retirement, and 8% for fun.

Wife, age 25:
20% into 401k, also will be near the limit.
$5000 a year into Roth, about 6%
6% company match for 401k

So 32% for retirement.

We also save 2-3k, sometimes a lot more, a month for a down payment on a house one day.

So in total we save over 50% i think, or very close.

13% with my 401k election (not maxed out).
21% if you take above, add employer contribution.

More post-tax-savings occurs to our vacation fund, emergency fund, and other savings/investing opportunities.

When you do the total with my wife's salary, we save about 27% of our income, with about 17% of it coming pre-tax.

We save about 40% of our Net income. We are 32 and 28 with no children.

5%- Short term savings
10%- Other investments
15%- 401k (maxed for employer match)
10%- IRA's (maxed)

I am saving almost 40% of my gross income (not including my wife's).

My wife and I collectively save approximately 33% of our household gross income (we have no employee match). We generally max out our 401ks and Roth IRA contributions, and also try to save additional monies for our emergency savings fund. We also got a 15-year mortgage, whereby about 40% of our monthly mortgage payment goes to pay down principal (building equity, no pun intended). Please note that my 33% calculation does not take into account any of the principal we are paying down on our house through our 15-year mortgage. If we did, that would mean we are saving approximately 39% of our gross income. It seems like it is so hard to save money, but it sounds like by making it automatic we are actually saving a pretty good percentage.

Our general plan is to max out all of our retirement accounts (401Ks and ROTH IRAs) and take advantage of the tax benefits that exist. We then try to maximize the gain on all of our money and have our savings account in a Vanguard Prime Money Market Fund earning pretty decent interest. We are also going to refinance (this week) on a 7/1 ARM at 5.25% (30-year amortization schedule). This will enable us to not have to pay so much every month to our home that we had to pay with the 15-year mortgage, and instead we can use the difference to invest. We are really looking forward to having more liquidity. That is one of the challenges that we face by putting so much of our money in retirement accounts that we do not have any access to.

Wow! So many of you are doing so well!!!!

My wife and I save around 40-50%.

We're at about 34% of our gross (before taxes) income. We live off my paychecks only and save every one of my wife's plus my OT money I earn during tax season, plus Roth & 401(k) contributions.

I honestly did not realize it was that high a percent until I calculated it just now. It will certainly go down in the next couple years as we are planning on selling our starter home. Now that we have a 9 month old we are quickly realizing that 800 sq ft & 2 bedrooms are not cutting it once we add kid #2.

Me - 35, Wife - 27
We are currently saving 19.26% of our gross with match (15.08% without). This past weekend she and I talked about making some changes which would increase those figures to 24.57% with and 21.11% without.

I'm living on about 40% and saving 40% of my $45,000 gross salary at age 22. I worked my tail off to graduate from college with no debt (paid for it myself) and I'm seeing the benefits of no student loan payments!

10% Giving
15% Roth 401k retirement (+3% effective employer match)
25% House/Replacement Car/Motorcycle/New Business Fund!

Right now we are putting away cash to build up our emergency fund and then to save for a downpayment. We are depositing my entire paycheck into the savings account and if we don't touch it and live just off my husband's income it is about 31% of our gross.

I don't think I've ever played the percentages game, so this one's new to me, but apparently we're squirreling away about 40% of our income, not including 401K's/IRA's. Like Kevin, we live off my paycheck and bank my wife's. Never really thought about it in percentages, though. it was more like "Alright, you're making money too? Great, we can store that for buying a house or something."

Wow, I'm way behind the curve on this one, I only do 6% before my match, 12% after . . . Though I also have 2 accounts for the kids University, that's another 6% or so between the two. So I guess I'm not doing terribly.

We save about 35% of our pre-tax salary. Post-tax, we save 53%.

Huh - never thought about calculating that as pre- and post-tax. Hmmm..

Pre = 8% without and 12% with
Post = 13% without and 18% with

Looking at my numbers from last year, my wife and I saved ~ 10% of last years gross income -- about 6% for retirement, 3% for our kids education (we have 3) and a bit over 1% in general savings.

I was pleasantly surprised since I expected the number would be lower -- perhaps 5%. I guess the set it up and then forget about it (PAC) system seems to working better than I realized.

Me=36, wife=35

House paid off. Including 529's, 401k, taxable accounts, and real estate we are saving about 60-70% of our post-tax income. We live frugally and have no debt.

I save 29% of my gross income - 12% goes to 401K, then other savings are for college, vacations, emergency fund and an eventual car replacement. I have no debt other than a fixed rate mortgage, and mortgage and property tax payments amount to around 20% of my gross income.

Looks like I don't save enough if I want to keep up with these Jones's...

I save about 15% without company match and 21% with company match (pre-tax).

"We save about 35% of our pre-tax salary. Post-tax, we save 53%."

To be more specific, my wife and I save 35% of our gross/pre-tax income, which comes out to about 53% of our post-tax income. This includes savings in 401k, IRA, and taxable accounts, but does not include the principal paid down to our mortgage which technically is an "investment" and might be considered "savings." Neither of us work for companies that match.

We're fortunate to have jobs with relatively high incomes, and so therefore we can save a larger percentage of our salary. However, we expect our salaries will go DOWN drastically in 2-3 years, as both my wife and I consider working less demanding hours or possibly go part time. For privacy, I won't say what industry we're in, but we both curiously have jobs where we have very high salaries starting out, but most ilkely will never make as much again if and when we leave our present jobs. I am hopeful that the high amount of savings we've been able to achieved on the front end, plus the magic of compound interest, will carry us through relatively leaner years, when we have smaller salaries and increased expenses associated with having kids.

I'm 26, and I save 7% in the 401k before employer match, 13% after match, 3% goes into my roth IRA, and 6% goes into my online money market account with GMAC.

Along with this "10% rule", do people consider any of the offsetting factors? For example, Mr. Saver could be saving 10% but at the same time be spending 12% in interest. What about inflation? Should the rule change to 15% to account for higher inflation these days? And it is protected from creditors? How much will Uncle Sam take when he cashes out of his Qualified Retirement Plans?

Saving is truly an important part of a sound financial plan. But, it's still just a part of the bigger picture of personal finance.

Right now, my wife and I are saving about 57% of our take-home pay. She's also getting the full match on her 401k.

51% of our net income is saved:

17%Savings (reserve so we can pay cash)
18% 401k (includes employee match)
11% Roth IRA
5% Education savings for three kids

Goal: to retire at 52 (54 with today’s stock market).

51% of our net income is saved:

17%Savings (reserve so we can pay cash)
18% 401k (includes employee match)
11% Roth IRA
5% Education savings for three kids

Goal: to retire at 52 (54 with today’s stock market).

I'm in my mid-20s (no spouse/kids) - save about 33% of my net income.

I save 41% of my gross income (401k,Roth IRA, HSA). Single, 45.

Wow, I'm so impressed by the figures!

We've only just started saving regularly and it's about 7% of my net salary. Now I've worked it out, it doesn't sound so bad, we also save about 10% of my partner's salary, so I guess we're not as badly placed as I thought. My partner works part-time and we have a 20 month old that I am sure eats money.

Regardless, I'm still so impressed and inspired.

I am so glad to hear your great stories about saving so much. I can only factor in that 1) you have no children which really take alot; 2) you all have very good paying jobs; We currently save 15% in wifes 401K and some when ever into my roth ira, have 2 children and are struggling to make ends meet.

I currently save/invest 22% of my after-tax salary in a 401(k), Roth IRA, and high-interest savings account. I also send about 15% of my income to debt repayment (student loan and small credit card consolidation loan).

I am a single 22-year old, so I imagine I won't always be able to keep this pace - and I am wondering if I should stop some of my savings to focus on debt repayment. That said, I feel that there is no time like the present to invest in my retirement, what with the low stock market!

wow... recently I've been struggling at 20% gross, but continue to work hard at it. Atleast half of every raise I've had for the past 5 years or so has gone right to the 401K savings bucket. Maxed out my 401, now working maxing out my wifes. I know that there is a big argument to catch all of the match from 401k, then move to Roth, I just don't trust the sneaky politicians and figure I'll get taxed twice on that Roth money if I start one, they've got 32 years to change their tune .. and hopefully another 30 after that once I'm retired :)

18% before match, 24% after, add both the college savings and mortgage principle (which adds to net worth) and that totals 41%. Looking at it that way, I need to replace less than 59% of our gross income to retire.

Age: 31, married, no kids, house paid off, zero debt

Gross income:
16% 401(k)
8% 401(k) employer match
1% HSA (Didn't consider this as savings prior to this thread, but I have barely spent any of it.)
.5% HSA employer match (a benefit I forget about)
20% into post-tax investment fund (nearing 50% of my take home, which is my goal for this year)

45.5% of gross is saved

Goal is to early retire, and really-early semi-retire

Oh I forgot to mention that in addition to my savings % of 16% before match 21% with, I also get will get pension + social security bridge payments (my employer pays this until I hit minimum ss age) equal to approx. 50% of my salary.

If you think about it, saving is a double wammy. If you save 20%, not only will your money grow faster, but your standard of living will be 80% of your salary.

So in my case, I'll be getting 50% of my salary from my pension + ss bridge whatever the 21% I'm saving gives me.

I save less than most of your other readers, but I beat that 10% figure.

10% 401k with a corporate match
1% Roth 401k (it's the first time it's available and I'm just trying it out)
$5K Medical FSA (which I won't need next year)

That probably equals about 15-20% of my income.

At the beginning of the year I targeted 33%. Then the wife ran up some horrendous credit card bills and sold stock that resulted in a scary tax bill. I will still try to save 25% of pre-tax income but am thinking it will be closer to 20%.

Bucking the trend here... currently saving 0% (at least for the long-term).

We're saving a lot of our income short-term to make sure we can afford our baby due in September... and once we are past that hurdle, the short-term savings will all go towards our student loans, which we have been putting 20-30% towards. As our debt load becomes less crippling, we'll be able to start saving again; but for now, we just want to make sure that a drop in income won't leave us underwater.

Wow, I've never done the percentages before. With my employer's 401k match, my husband (30) and I (27) are at 41.6% of pre-tax income. Without, we're at 35.6%. Granted, we don't have kids, but my husband is also in grad school, so I guess we're doing okay.

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