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Old 04-16-2010, 09:00 PM   #21
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50% of gross is pretty darn good, considering most Americans have a negative savings rate. My employer has a pension too, and it should be fairly secure, but I'm trying to save as though I don't have one. I just try to keep my eye on the goal.

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I can't approach a 60% savings rate either. My take home is barely 50% of my gross (FSA and day care FSA, insurance, 15% into 401K, tax, etc).

If I had a spouse making a similar wage, we could both probably save 50% of our combined salary. But that isn't the case.

So I do the best I can. I've been lucky working for companies with pensions. That reduces the $ I need to save right now. I hope.
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Old 04-17-2010, 12:52 PM   #22
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Quote:
Originally Posted by Bimmerbill View Post
I can't approach a 60% savings rate either. My take home is barely 50% of my gross (FSA and day care FSA, insurance, 15% into 401K, tax, etc).

If I had a spouse making a similar wage, we could both probably save 50% of our combined salary. But that isn't the case.

So I do the best I can. I've been lucky working for companies with pensions. That reduces the $ I need to save right now. I hope.
My numbers are similar. I am saving about 44% of w2 gross income. There is a good bit of fat I could cut from my budget and maybe get it to 50%.
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Old 04-19-2010, 10:28 AM   #23
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Haha! I wish I were saving 50% of gross. I'm only taking home 50% of my gross, after all deductions (15% to 401K included).
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Old 04-19-2010, 04:05 PM   #24
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I save 33% of gross in my 401K. Then, after taxes, I only have about $1650 every 4 weeks in take-home pay. I save a minimum of 20% of that(most of which ends up in my ROTH). I don't know how other people are figuring that out with a mix of pre and post-tax savings but i'm definetly over 50% savings.
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