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Old 08-01-2014, 11:05 PM   #21
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7 years - $60k per year savings, including employer match
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Your avg yearly savings over the course of your career
Old 08-02-2014, 09:32 AM   #22
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Your avg yearly savings over the course of your career

Quote:
Originally Posted by dvalley View Post
I just divided my current savings+investments by the number of years (16) since my first real job. I came to $22k per year.

I have on my spreadsheet the same number but as a daily average (net worth/days since start of work). I don't think it's useful for much other than making me feel good. I also compute for each year.

I did notice that my average has been steadily increasing over time.


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Your avg yearly savings over the course of your career
Old 08-02-2014, 03:16 PM   #23
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Your avg yearly savings over the course of your career

Yyu unhygienic

Edit: Oops! This was a pocket post from my phone.
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Old 08-02-2014, 06:03 PM   #24
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I saved about $45,000 per year, which was about 70% of my after tax income.

This accounts for proceeds from the sale of a condo and some other miscellaneous additional to work-related income.
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Old 08-02-2014, 06:40 PM   #25
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30 years…. 93K/year
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Old 08-02-2014, 06:59 PM   #26
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24K household, 29 years.
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Old 08-02-2014, 10:39 PM   #27
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Average of $114K/yr household for 26 years (includes all assets)
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Old 08-03-2014, 03:03 AM   #28
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Quote:
Originally Posted by eta2020 View Post
about:
30% various taxes
50% saved
20% live on

I will not go to exact numbers
I'm in a similar situation. I have saved on average between 55 and 60% of gross earnings. The tax man then takes far more than I live on.
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Old 08-03-2014, 03:27 AM   #29
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$56k/year for 9 years so far.
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Old 08-03-2014, 06:52 AM   #30
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I didn't save much when I was 20 years on active duty (Marines) as I was enlisted with a family. But it gave me decent health care that will last into retirement. Once I started post service job I maxed out TSP (401k) and Roth IRAs for both DW and myself, and added to additional cash reserves. So for the past fourteen years I've averaged 30k per year not counting employer match.


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Old 08-03-2014, 07:13 AM   #31
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So I had this silly idea that I wanted to see how much I saved on avg every year since I started working (after college). I didn't want to over complicate it so I just divided my current savings+investments by the number of years (16) since my first real job. I came to $22k per year.

Of course, for the first 8 years of my career I thought as long as I fully funded my 401k I was 'all set' for 'a retirement'. The next few years I started saving in maximum overdrive until the big D happened which took more than a few things out of my life; some good and some bad
Great question. Wife's been working 38 years, I've been working 31 years. Divide our savings and investments in half and we have saved(each of us) equals 72k per year. That is using you method. Compound interest and time really work!
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Old 08-03-2014, 01:00 PM   #32
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compound savings and sale of commercial real estate really bumps my number........well over 100k per year for over 30 years......now I have to start spending it!!!!!!!

And, it really makes sense to buy commercial RE when you're young, use rent to make payments and property expenses then sell for capital gains when you're older. You can take a small pile of money, not benefit in spending for years than hit a home run when it's time to retire......my advice for the young folks on the forum. It works!
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Old 08-05-2014, 11:03 PM   #33
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24 years at $102k per year total net worth including house.


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Old 08-05-2014, 11:10 PM   #34
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First decade out of school, there were a few negative savings years. A few years before my employer had any 401k, when savings was no more than 2000. A few years with 401k HCE restrictions when I didn't get over 6000 saved. The last two decades, pretty steadily maxing out the 401k employee contribution. Average over all this time, about $15,000 per year, but very skewed to later years.
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Old 08-06-2014, 01:20 PM   #35
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My whole life 50% of my Income. A simple rule that I have lived by and has served me well.
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Old 08-06-2014, 01:37 PM   #36
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$58K over 35 years (two of us). Last 10 years $161K/year. We had a negative net worth until we were in our late 30's.
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Old 08-06-2014, 02:51 PM   #37
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I saved $0 when I was younger, and then only enough for 401K matching and then enough to max out the 401K. Only in the last 13 years or so I've been saving much more. ($45K to $60K total/year I think).
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Old 08-06-2014, 03:30 PM   #38
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I retired at 33 (almost 28 years ago) and have managed to spend 100% of our cash flow every year since and some of my principal as well.
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Old 08-07-2014, 10:31 AM   #39
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Savings+investments only = $47K per year over 23 years. Doesn't include equity in several RE properties; but includes the negative affect of my divorce many years ago (happily remarried now).
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Old 08-07-2014, 02:34 PM   #40
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Works out to about $85K/yr for us, but the metric isn't a proxy for savings - in many cases (ours included) it's more capital appreciation & dividends compounding than "savings"...
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