kumquat
Thinks s/he gets paid by the post
Since my salary is $0, I believe any answer is "undefined".
~30% between 401k, Roth IRAs and taxable
GregLee said:0% here, for the last 20 years. Before that, I saved a little, but without pension and SS, I'd be sunk.
Me too. About 60%.This was my range for most of my working years. I exclude 401(k) matching funds and any growth in the 401(k). I also exclude the company stock (ESOP) which was contributed to our retirement plans at no cost to the employees.
Our total savings divided by our gross salaries = 77%.
What country do you live in? Here in the USA that would be quite hard to achieve unless you had outside investments generating income (ibonds or muni maybe).
See my signature: 68.What age did you retire?GregLee said:0% here, for the last 20 years. Before that, I saved a little, but without pension and SS, I'd be sunk.
See my signature: 68.
Spouse and I both had full-time jobs during that era.Seriously, that's just amazing. I have never come close to 50%. I was super proud of myself whenever I crossed the 40% line.
What country do you live in? Here in the USA that would be quite hard to achieve unless you had outside investments generating income (ibonds or muni maybe).
We gross ~200K a year but before we get a chance to save the government has taken over 24% of it through taxes (fed, state, SS, medicare). So even living on $0 we could only save 76% of gross.
We do save 51% of gross, which I think is pretty darn good.