How old are you and how much do you save for retirement a year

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revert
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Re: How old are you and how much do you save for retirement a year

Post by revert » Thu Apr 19, 2018 8:44 pm

29, Single, VHCOL area

Currently $300k in retirement accounts and $400k in taxable.

In an extremely fortunate position and saving just shy of $50k/year in retirement accounts and $100k/yr in taxable. Make hay while the sun shines, etc. etc. :sharebeer

SCV_Lawyer
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Re: How old are you and how much do you save for retirement a year

Post by SCV_Lawyer » Thu Apr 19, 2018 8:52 pm

49 years old.

401K/KEOGH: $55K
Cash Balance: $34K
BD Roth: $5.5K
HSA: $7K
529: $22K
Taxable: $312K

Total: ~$435K

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Cycle
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Location: USA

Re: How old are you and how much do you save for retirement a year

Post by Cycle » Thu Apr 19, 2018 8:53 pm

34, spouse and I save $160-175k usd per year for retirement/misc savings on ~290k income from two full time jobs and rental income from one unit in a duplex we owner occupy. no debt. $1.2m net worth.

The_Junior_Mint
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Re: How old are you and how much do you save for retirement a year

Post by The_Junior_Mint » Thu Apr 19, 2018 9:01 pm

31 (me) / 32 (wife)

401k's = 37k + 8k company matching
Roths = 11k
HSA = 3k
Pension plan = 7k (wife's)
Taxable account = 24k (approximate goal for 2018)

Total ~90,000/year

We also do regular 529 contributions setup for $5k/year currently. Daycare if costing us about $21k/year so hopefully in a few years more funds will be allocated towards investments. We have about $650k invested and $230k cash sitting for a home purchase in 1-2 years.

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Tamarind
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Re: How old are you and how much do you save for retirement a year

Post by Tamarind » Fri Apr 20, 2018 6:21 am

30/32 DINK (for now), moderate COL area

Joint income $164k (both got new jobs this year!). The biggest difference for us financially has been hitting the steep part of the career growth curve in a location with plentiful jobs at a time when wages are rising. Income has more than doubled in 5 years. We have been very fortunate.

We'll save ~30% of gross for retirement by maxing out two t401ks and getting some company match and maxing out 2 rIRAs.

We are also paying extra on our mortgage and it will be finished in 7 more years after 15 years of payments.

This year about half of our increase in salary is being funneled to short term taxable savings for deferred house updates, next car, vacation and some expected medical expenses. Next year we'll likely open a taxable retirement account for the first time.
FlexibleSpender wrote:
Sun Nov 12, 2017 10:43 am
Question for those putting away so much in retirement - are you actively looking at passive income making opportunities like income properties?
Absolutely not.

I house hacked for the first several years that I owned and I don't ever want to be directly exposed to rental risk again. The potential of a malicious or just indifferent person to damage the ability to make money with the house is significant. Also I don't like to work more than I have to and have a full time job already. A management company could buffer these concerns, in return for most or all of the profit margin that would make a rental attractive.

My real estate play is to pay off my own mortgage to reduce my predicted retirement expenses.

darrvao777
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Re: How old are you and how much do you save for retirement a year

Post by darrvao777 » Fri Apr 20, 2018 7:06 am

Tamarind wrote:
Fri Apr 20, 2018 6:21 am
FlexibleSpender wrote:
Sun Nov 12, 2017 10:43 am
Question for those putting away so much in retirement - are you actively looking at passive income making opportunities like income properties?
Absolutely not.

I house hacked for the first several years that I owned and I don't ever want to be directly exposed to rental risk again. The potential of a malicious or just indifferent person to damage the ability to make money with the house is significant. Also I don't like to work more than I have to and have a full time job already. A management company could buffer these concerns, in return for most or all of the profit margin that would make a rental attractive.

My real estate play is to pay off my own mortgage to reduce my predicted retirement expenses.
Agree completely

Dealing with a lawsuit for “inadequate heat and hot water” for our rental property and the saga is still ongoing after 4 months. All over a $250 fine

I make that much in the first fifteen minutes of my work day

Cannot wait to sell the rental property, savor the property appreciation (gotta love SF, property value has nearly doubled over the last 5 yrs), and focus on working hard at work and then spending time with family at home (quality time, not time spent arguing over how to word emails to housing lawyer)

GetMeToRetirement
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Re: How old are you and how much do you save for retirement a year

Post by GetMeToRetirement » Fri Apr 20, 2018 12:59 pm

Cycle wrote:
Thu Apr 19, 2018 8:53 pm
34, spouse and I save $160-175k usd per year for retirement/misc savings on ~290k income from two full time jobs and rental income from one unit in a duplex we owner occupy. no debt. $1.2m net worth.
Holy !@#$ good work!

daheld
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Re: How old are you and how much do you save for retirement a year

Post by daheld » Fri Apr 20, 2018 1:15 pm

DW and I are 34 and 32, respectively. No kids, though we want kids soon. Gross salary combined is about $140k.

Yearly Savings:
401k/TSP with employer matches: $45k (Balance: $200k)
Roths: $11k (Balance: $100k)
Taxable: $9k (Balance: $100k)
TOTAL: $65k (Total Retirement Balance: $400k, though realistically some of the taxable balance will be rolled into a 529)

This generally leaves us with roughly $1,000 per month in excess after we pay all our monthly bills, etc. By the time annual expenses like property taxes, homeowners and auto insurance, plus unforseen expenses like home repairs and the like come up, it doesn't hurt to have that extra monthly cushion. I am hoping that when we have kids we are able to keep our current savings in place. If so, the plan is for my wife to retire at age 55 (21 years away) and for me to retire at age 59 (27 years away) when I will be pension eligible, which will pay roughly 30% of my highest 3 years of salary.

Cheers! :sharebeer

imareal1
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Re: How old are you and how much do you save for retirement a year

Post by imareal1 » Fri Apr 20, 2018 1:24 pm

25 y/o, 85k salary.

$12K in 401k
$5.5K in Roth IRA
_______________
$17.5k Total

Current retirement portfolio balance: 34k

md&pharmacist
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Re: How old are you and how much do you save for retirement a year

Post by md&pharmacist » Fri Apr 20, 2018 1:50 pm

45 y/o working for about 18 years. I think we save way, way too much. Current net worth about $10 million.

But don't want to spend any more either, don't feel like buying anything at this point in life. Living like the Jones' already. We donate a lot of time and money, that's the only other thing really important to us at this time. Maybe will make time for more travel.

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Que1999
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Re: How old are you and how much do you save for retirement a year

Post by Que1999 » Fri Apr 20, 2018 2:38 pm

37 yo/DW 36. We max 2 401k's, 1 457 and 2 Roth IRAs. Also contribute extra to 1 pension to the tune of around 14-15k per year that grows @ 8.25%. Plan is to withdraw any excess contributions at retirement from the pension and roll over to an IRA. Annual total saved is $55,500 pre-tax, $11,000 Roth IRA, a small annuity fund which my job contributes around $1,500 per year into and about $15,000 excess contributions into the pension for a total of around $83,000 per year. I started saving late, I was in my early/mid 30's, so I have to kick it up a couple notches... :greedy

khaleesi1
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Re: How old are you and how much do you save for retirement a year

Post by khaleesi1 » Fri Apr 20, 2018 3:11 pm

I'm in my early 30s, and I save $49K per year utilizing 401(K), Backdoor Roth, company match, and taxable investment vehicles.

HopeToGolf
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Re: How old are you and how much do you save for retirement a year

Post by HopeToGolf » Sun Apr 22, 2018 1:56 pm

Cycle wrote:
Thu Apr 19, 2018 8:53 pm
34, spouse and I save $160-175k usd per year for retirement/misc savings on ~290k income from two full time jobs and rental income from one unit in a duplex we owner occupy. no debt. $1.2m net worth.
Wow...doesn’t this mean you only spend $30-$40k? That is pretty impressive for a couple bringing in close to $300k.

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Portfolio7
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Re: How old are you and how much do you save for retirement a year

Post by Portfolio7 » Sun Apr 22, 2018 7:17 pm

I guess about $19-20K, about half of which is matching. We both contribute just enough to match in our 401Ks.

Combined with DW, in percentage terms, we used to save 10-15%, with our employers throwing in another 4-5%. So, a total between 15 and 20%.
Now we save about 6%, with our employers throwing in another 6% or so, for a total of around 12%.

We have prioritized away from saving. After matching, money goes to health care, kids, and paying down debt - Heloc and business loan, primarily.
An investment in knowledge pays the best interest.

OnLevel
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Re: How old are you and how much do you save for retirement a year

Post by OnLevel » Sun Apr 22, 2018 9:40 pm

First post on the forum!

34, currently saving:
18,500 401k
2,000 hsa (I max it out, this is my conservative estimate of what will be leftover after medical expenses)
5,500 my ira
5,500 wife's ira
16,000 employer retirement contribution

Total: 47.5k

This is the first year I'm contributing this much. I started saving late, so only have about 120k saved at this point.
Last edited by OnLevel on Mon Apr 23, 2018 8:37 pm, edited 1 time in total.

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cfs
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Re: How old are you and how much do you save for retirement a year

Post by cfs » Sun Apr 22, 2018 10:01 pm

OnLevel wrote:
Sun Apr 22, 2018 9:40 pm
First post on the forum!

34, currently saving:
18,500 401k
2,000 hsa (I max it out, this is my conservative estimate of what will be leftover after medical expenses)
5,500 my ira
5,500 wife's ira
16,000

Total: 47.5k

This is the first year I'm contributing this much. I started saving late, so only have about 120k saved at this point.
Welcome aboard, your first post! You have 100% more than what I had at your age. Keep investing slowly and for the long run, you are doing fine. Good luck y gracias por leer / cfs
~ Member of the Active Retired Force since 2014 ~

TheOscarGuy
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Re: How old are you and how much do you save for retirement a year

Post by TheOscarGuy » Mon Apr 23, 2018 4:04 am

Cycle wrote:
Thu Apr 19, 2018 8:53 pm
34, spouse and I save $160-175k usd per year for retirement/misc savings on ~290k income from two full time jobs and rental income from one unit in a duplex we owner occupy. no debt. $1.2m net worth.
That is an awesome savings rate considering you have to pay taxes on the 290k income. Impressive!

student
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Re: How old are you and how much do you save for retirement a year

Post by student » Mon Apr 23, 2018 7:05 am

Cycle wrote:
Thu Apr 19, 2018 8:53 pm
34, spouse and I save $160-175k usd per year for retirement/misc savings on ~290k income from two full time jobs and rental income from one unit in a duplex we owner occupy. no debt. $1.2m net worth.
Wow.

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Cycle
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Location: USA

Re: How old are you and how much do you save for retirement a year

Post by Cycle » Mon Apr 23, 2018 7:17 am

HopeToGolf wrote:
Sun Apr 22, 2018 1:56 pm
Cycle wrote:
Thu Apr 19, 2018 8:53 pm
34, spouse and I save $160-175k usd per year for retirement/misc savings on ~290k income from two full time jobs and rental income from one unit in a duplex we owner occupy. no debt. $1.2m net worth.
Wow...doesn’t this mean you only spend $30-$40k? That is pretty impressive for a couple bringing in close to $300k.
Yes, 30-40k spending.

We paid 95k for our unit (50k rennovation). Half the housing expenses are expenses for the other unit we rent. Single family homes are very expensive.

1 car with a short commute helps. Cars are very expensive. Living in a city where housing is affordable and it's not necessary to have a car is important to us.

We eat out a fair bit and buy what I would call luxurious food (diet mainly berries, avocados, nuts, meats, dairy). We don't buy cheap food like refined grains, sugary fruits, beans.

Since we travel frugally, trips to Africa, Sweden/Denmark, Spain, Ireland last year didn't hurt our savings rate much. We credit card churn and tack vacations onto work trips (Spain/Ireland).

No kids yet, but we do have a dog which is our biggest inefficiency.
Last edited by Cycle on Mon Apr 23, 2018 7:45 am, edited 1 time in total.

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rob
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Re: How old are you and how much do you save for retirement a year

Post by rob » Mon Apr 23, 2018 7:26 am

Things get out of control quickly on this group for this type of question. Just saving something puts you ahead of most. We've not maxed retirement options every year, some good years we have, most we have not. Do what you can and avoid compares to different people - especially here - is the right approach.
| Rob | Its a dangerous business going out your front door. - J.R.R.Tolkien

moneybags
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Re: How old are you and how much do you save for retirement a year

Post by moneybags » Mon Apr 23, 2018 6:11 pm

31 and 36, dual income no kids.

Aiming to save ~128K this year.

$37k in 401k employee contributions
$13k in 401k employer contributions
$75k in taxable and/or after-tax 401k contributions converted to roth (TBD)
$11k backdoor roth ira
$3.5k in HSA contributions

WhiteMaxima
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Re: How old are you and how much do you save for retirement a year

Post by WhiteMaxima » Mon Apr 23, 2018 6:29 pm

Grt2bOutdoors wrote:
Wed Nov 08, 2017 9:16 am
Yooper wrote:
Wed Nov 08, 2017 7:49 am
dbltrbl wrote:
Tue Nov 07, 2017 8:32 pm
do the best you can.
This is spot on. My mantra (when working), was "Save until it hurts. And then just a little bit more..." But it's a very individual thing. Again, do the best YOU can and you'll sleep well at night knowing there's nothing more you could have done. Don't worry about others, it could have the opposite effect and instead of encouraging you, you get discouraged because you feel you're not measuring up.
[/quotsave 300K if you're making $125K gross, so what is the relevance of what others are saving?
+2 Be yourself. No need to compare your saving rate to others. Live within your mean is the point. Save 15% to 20% is generally fine. Teat yourself nicely. Never be a miser. Live a happy is more important than to become a miser.

OnLevel
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Re: How old are you and how much do you save for retirement a year

Post by OnLevel » Mon Apr 23, 2018 8:38 pm

cfs wrote:
Sun Apr 22, 2018 10:01 pm
OnLevel wrote:
Sun Apr 22, 2018 9:40 pm
First post on the forum!

34, currently saving:
18,500 401k
2,000 hsa (I max it out, this is my conservative estimate of what will be leftover after medical expenses)
5,500 my ira
5,500 wife's ira
16,000

Total: 47.5k

This is the first year I'm contributing this much. I started saving late, so only have about 120k saved at this point.
Welcome aboard, your first post! You have 100% more than what I had at your age. Keep investing slowly and for the long run, you are doing fine. Good luck y gracias por leer / cfs

Thank you!

Erwin007
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Location: Intermountain West

Re: How old are you and how much do you save for retirement a year

Post by Erwin007 » Tue Apr 24, 2018 12:16 am

39 and wife is also 39.

$18,500 in 403(b) employee contribution
$18,500 in 457(b)
$9,000 in 401(k) employer contribution
$11,000 for backdoor Roths for me and the wife
$6850 in HSA
$18,500 in wife’s solo 401(k)
~ $40,000 in taxable account

Total: ~$120,000 towards retirement/savings

We got a late start due to my medical training so trying to make it up now with a larger shovel.

usnaron
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Joined: Wed Oct 28, 2009 9:20 am

Re: How old are you and how much do you save for retirement a year

Post by usnaron » Tue Apr 24, 2018 12:33 am

36 and save about 60k per year, family of 4 spending 80k per year in HCOL area in SoCal. Very low taxes and free healthcare due to military job.

jpsc
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Re: How old are you and how much do you save for retirement a year

Post by jpsc » Tue Apr 24, 2018 1:14 am

revert wrote:
Thu Apr 19, 2018 8:44 pm
29, Single, VHCOL area

Currently $300k in retirement accounts and $400k in taxable.

In an extremely fortunate position and saving just shy of $50k/year in retirement accounts and $100k/yr in taxable. Make hay while the sun shines, etc. etc. :sharebeer
wow, if you can only put in $18K a year in 401K, how do you get it up to $300K ?

revert
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Re: How old are you and how much do you save for retirement a year

Post by revert » Tue Apr 24, 2018 7:05 am

jpsc wrote:
Tue Apr 24, 2018 1:14 am
wow, if you can only put in $18K a year in 401K, how do you get it up to $300K ?
Combination of 401k ($18k), IRA ($5.5k), mega backdoor roth ($20-25k), employer contributions, and appreciation.

poleman
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Re: How old are you and how much do you save for retirement a year

Post by poleman » Tue Apr 24, 2018 8:14 am

We're both 80, no debt and we don't save anything for retirement. 8-)

schachtw
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Re: How old are you and how much do you save for retirement a year

Post by schachtw » Tue Apr 24, 2018 7:48 pm

My wife and I are both 67.

Approx: 2.1M in IRA’s
Approx: 3.1M in Taxable

Fortunately, we don’t have to worry about savings.

flybynite
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Re: How old are you and how much do you save for retirement a year

Post by flybynite » Tue Apr 24, 2018 8:07 pm

Tyrobi wrote:
Tue Nov 07, 2017 10:48 pm
Age: 38

Pre and aftertax 401k - $54,000
2x Roth IRA - $11,000
HSA - $6,750

$71,750/year (single earner in a family of 4)
+1 on all the above - and depending on the year 10-20K more in taxable (42, single earner in family of six). :sharebeer

farnsy
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Re: How old are you and how much do you save for retirement a year

Post by farnsy » Tue Apr 24, 2018 8:32 pm

38 years old. Have a wife and 5 rather expensive kids.

I have a full-time job at a nonprofit and am also separately self-employed (I employ my wife as well), so lots of opportunities to optimize. I got started saving very late thanks to several graduate degrees, two of which went long, so I have a lot to make up for. Moreover, it's very likely that my future earnings will be lower than what I currently make so I'm trying to seize the day.

$18,500 - elective contribution to my solo 401(k)
$9,000 - nonelective contribution to my solo 401(k)
$23,959 - nonelective contribution to my 403(b)
$18,500 - elective contribution to my 457(b)
$18,500 - elective contribution to my wife's 401(k)
$5,500 - my backdoor roth
$5,500 - wife's backdoor roth

Total: $99,459 per year.

I don't save anything to speak of in taxable accounts. Just a basic 2-month emergency fund.

I also hire my daughter to clean my home office for $5,500 a year, deposited to her Roth. That's her saving, though, not mine.

gophermobile
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Re: How old are you and how much do you save for retirement a year

Post by gophermobile » Tue Apr 24, 2018 11:56 pm

34 years old, wife 28.

Income ~350k, with wife's being about 2/3rds of that. We live in a high cost of living area.

For this year we're looking at saving around 163k, with about 114k of that being aftertax.

I'm lucky with my wife having a job that has nearly tripled in salary in the last several years. Meanwhile we haven't drastically upgraded our lifestyle and could live off my income alone if needed. So this means a lot leftover for saving. It hasn't always been easy to save such a large amount though - since she does the majority of the earning, she rightly wants to enjoy it. I just try to bump up our spending much more slowly than our income might otherwise allow!

t885
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Re: How old are you and how much do you save for retirement a year

Post by t885 » Wed Apr 25, 2018 5:31 am

schachtw wrote:
Tue Apr 24, 2018 7:48 pm
My wife and I are both 67.

Approx: 2.1M in IRA’s
Approx: 3.1M in Taxable

Fortunately, we don’t have to worry about savings.
:sharebeer
When you have won the game stop playing....
There are two kinds of forecasters: those who don't know, and those who don't know they don't know

McDougal
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Re: How old are you and how much do you save for retirement a year

Post by McDougal » Wed Apr 25, 2018 5:57 am

Me 62/her 58. Both working FT, saving by each of us maxxing out a 401K and HSA. Could save more in taxable but mortgage adjusts in 4 years so trying to beat that down. We got a late start on saving (4 kids, college, procrastination) but luckily both incomes have moved up nicely over the last 10 years so we are getting close.

mmmodem
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Re: How old are you and how much do you save for retirement a year

Post by mmmodem » Wed Apr 25, 2018 7:14 am

37 and 39
Single Income with Children (SIC?)
Income: ~$110,000
HSA: $6850
401k employee: $18500
401k employer: $3150
Roth IRA: $11000
Total: $39500

Looks like we're only par for this forum with a 35% savings rate which is just fine in my book. We prefer to spend rather than save more in taxable.

Flashes1
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Joined: Wed May 07, 2008 7:43 am

Re: How old are you and how much do you save for retirement a year

Post by Flashes1 » Wed Apr 25, 2018 8:13 am

Husband 50, Wife 43 - dual income of $330,000 and 2 kids with expensive sports.

His 401k - $24,000 plus $6,000 match
Her 401k - $18,000 plus $16,000 match
After Tax: $34,000
HSA: $6,000
HELOC payments: $30,000 - paydown of loan I took to make investment in private company. Once the HELOC is paid-off in a couple years, this money will go towards home mortgage.

Total (excluding HELOC): $98,000 ----hope to do this for 10-12 more years.

b.lock
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Location: Scottsdale, AZ

Re: How old are you and how much do you save for retirement a year

Post by b.lock » Wed Apr 25, 2018 9:48 am

28
Saved $30,000 last year, on track to save $37,000 this year.

Hukedonfonix4me
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Re: How old are you and how much do you save for retirement a year

Post by Hukedonfonix4me » Wed Apr 25, 2018 11:11 am

30's couple maxing advantaged accounts ~60k/year including company match. In addition, we contribute $3,450/year to each of our separate individual company sponsored HSA plans.

Hope to use HSA money for qualified medical in many decades but could need to tap earlier so we don't count on it.


"msjohn07" how does your family contribute the 2017 max in "His" HSA AND "Her" HSA still contribute the individual 2018 IRS max limit?
msjohn07 wrote:
Thu Apr 19, 2018 12:15 pm
34 & 29
His:
HSA - $6,850

Her:
HSA - $3,450

http://www.hsacenter.com/how-does-an-hs ... on-limits/
"While some mutual fund founders chose to make billions, he chose to make a difference." | -The Bogleheads' Guide to Investing

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bltkmt
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Re: How old are you and how much do you save for retirement a year

Post by bltkmt » Wed Apr 25, 2018 11:33 am

SCV_Lawyer wrote:
Thu Apr 19, 2018 8:52 pm
49 years old.

401K/KEOGH: $55K
Cash Balance: $34K
BD Roth: $5.5K
HSA: $7K
529: $22K
Taxable: $312K

Total: ~$435K

Bravo. That is a very impressive annual savings amount.

CMD1
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Re: How old are you and how much do you save for retirement a year

Post by CMD1 » Wed Apr 25, 2018 11:51 am

early 40's couple, single income until this year. This year will be $123k, barring any further promotions, but with spouse going back to work brought child care costs. Live in Very HCOL area and rent currently.

401k - 17k (incl match)
Spouse 401k - 4k
principle pay on rental house - $7,500 (15 year term).
Total - $28,500 / 23%

Adding in a few other small savings buckets and we are at 26% savings rate. This does not include small amounts of stock grants which would put total savings to 30%. It's hard to compare to most on here but this is an accomplishment coming off a one income hh the last 5 years and living in a very HCOL area + having two young kids at home.

intothegreatunknown
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Location: California

Re: How old are you and how much do you save for retirement a year

Post by intothegreatunknown » Wed Apr 25, 2018 11:58 am

29, single

Per year save:
$60,000 taxable
$18,500 + match 401k
$5,500 IRA

After taxes I’m saving about half my income.

msjohn07
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Joined: Mon Feb 20, 2017 2:23 pm

Re: How old are you and how much do you save for retirement a year

Post by msjohn07 » Sun Apr 29, 2018 8:48 pm

Hukedonfonix4me wrote:
Wed Apr 25, 2018 11:11 am
30's couple maxing advantaged accounts ~60k/year including company match. In addition, we contribute $3,450/year to each of our separate individual company sponsored HSA plans.

Hope to use HSA money for qualified medical in many decades but could need to tap earlier so we don't count on it.


"msjohn07" how does your family contribute the 2017 max in "His" HSA AND "Her" HSA still contribute the individual 2018 IRS max limit?
msjohn07 wrote:
Thu Apr 19, 2018 12:15 pm
34 & 29
His:
HSA - $6,850

Her:
HSA - $3,450

http://www.hsacenter.com/how-does-an-hs ... on-limits/
Not yet married, soon too be

Hukedonfonix4me
Posts: 115
Joined: Thu Oct 13, 2016 3:00 pm

Re: How old are you and how much do you save for retirement a year

Post by Hukedonfonix4me » Sun Apr 29, 2018 10:19 pm

[/quote]

Not yet married, soon too be
[/quote]

Gotcha, you have a family plan due to dependents and she has her single plan...for now congrats on the pending nuptials :beer
"While some mutual fund founders chose to make billions, he chose to make a difference." | -The Bogleheads' Guide to Investing

pmdonca
Posts: 53
Joined: Wed Oct 18, 2017 12:19 pm

Re: How old are you and how much do you save for retirement a year

Post by pmdonca » Mon Apr 30, 2018 1:01 am

Him (29 years old) and her (27 years old)
Him:
401k - 20k (includes match)
After tax 401k - $12k (mega back door)
Back door roth - $5.5k
Taxable - $12k

Her:
401k - $22.5k (includes match)
Taxable - $12k
Back door roth -$5.5k

Total: $89.5k
Not entirely retirement because the taxable accounts will be used to purchase a house.

alfaspider
Posts: 1515
Joined: Wed Sep 09, 2015 4:44 pm

Re: How old are you and how much do you save for retirement a year

Post by alfaspider » Mon Apr 30, 2018 8:20 am

Both 32:

Her 401k: 18k
His 401k: ~$29k (employer match)
IRAs: 11k
HSA: $6k
Pension Cash Balance Contribution: ~$12k (automatic percentage of salary)
529 (not technically a retirement account I suppose): $30k
Taxable (more variable than the above- any excess after above funded): $50-100k

"Stretch" goal is $200k/yr savings.

Right now we both make very good incomes, but I know it may not last forever. Life happens. We may cry uncle balancing childcare with two full time jobs. Hoping to hit FI before life happens :happy

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