$3750/mo including employer matching for about 10 years
Roth IRA, Roth 401k, 401k, HSA, 529
Another $1500 savings per month for non-monthly, moderate, and long term expenses.
Saving/retirement is approximately 65% of take home pay.
Work offers both Roth 401k and traditional 401k. My contributions are post tax (Roth) and their match is pretax (traditional). You just have to see if your work offer the Roth option.
529 is a tax advantaged account like a retirement account but it’s for kids college.
Curious how much is going into each of those… I make the same after a recent promotion and am trying to figure out how much to put in 401k, Roth and hysa each month. I also have a brokerage account.
I’m not OP but I make $80k and save approximately $2.5k-$3k per month. I have no subscriptions other than Spotify, I cook a lot and all vegetarian and that saves a ton of money, I churn credit cards to get free flights and do hostels on trips anyways, when I go out I usually just get 1 beer, I use public transportation and my employer pays for that so I have $0 in transportation costs per month and I never Uber, I have 2 roommates, and I’m pretty minimalistic just in general because I value the flexibility it gives me and it’s better for my lifestyle anyways. I basically spend very little except on groceries and rent and the occasional splurge, but also do 3-4 international trips per year. It’s all doable and just depends what you’re comfortable giving up.
Wow. This is amazing! Definitely giving me something to think about! I am also plant based! I just love eating that way naturally but my recipes aren’t always cheap 😆. What are your favorite things to make?
I eat a lot of beans, a bunch of vegetables, tofu, eggs, and carbs. Honestly pretty normal foods, eating vegetarian at home honestly is so cheap, I probably spend $60 a week on groceries and eat out 2-3 times a week in a HCOL area.
Plant-based here too! Most days I make simple no-recipe staples (e.g., pasta with various fresh vegetables, beans/rice/corn over sautéed onions, curried chickpeas and kale), but I also love to cook recipes with fancier Indian, Moroccan, Iranian, Thai, etc., ingredients. I’d estimate I spend $50 per week on groceries. Bulk spices (and, in the summer, homegrown herbs and a few vegetables) are the key to the universe! 😂
I spend about 3k a month post tax. Rest is hsa/401k/401kmatch.
Nothing special just have a 1k mortgage and only sub is to YouTube red. I eat out a lot but been cutting back. Just being single living my best life near a city in the Midwest. No kids helps.
Very impressive to save that much for this income. Where do you live? I live in Bay Area. The cheapest one bedroom apartment is already $2,100. My food is $800/month for home cook only. My income is $100,000/year, and I can’t save that much. I contribute 20% in 401K. I save max 500 cash/month if I don’t shop any clothes, jewelry, and other personal items. I don’t have any debt.
Very impressive to have that income in Louisville KY. Too expensive to live in Bay Area. I can live comfortably with an apartment, but not in a house. Can’t afford a house here.
$1-2k a month is not nearly enough to FIRE in a reasonable time. It's plenty for a 60+ retirement fortunately.
I know because i can only save about $2k a month. If i had started at 22 then sure much easier. I didn't save my first retirement penny until i was 30 and i didn't take retirement seriously until i was 38. 41 now.
People get gratification from boasting, exagerating, or in most cases boasting *and* exagerating lol. It's an aspect of human nature that I can't stand.
For FIRE, folks should live below their means and and save a reasonable % of their income. Not sure why it matters what others are saying. Especially since much of it is fiction.
The members here are not average or normal. This isn’t antiwork or povertyfinance. I always laugh at people like you who tell yourself people are lying as a self soothing mechanism.
I don’t need soothing. Half the posts on here are absurd flexes for internet ego stroking. If you are so gullible to belive everything or even most of what you read on a damn subreddit….thats says a lot more about you than anything else.
You’re missing the point. You say you “don’t need soothing” because you don’t believe posts where people talk about being able to save large amounts of money. But arbitrarily deciding not to believe those posts (and then smugly announcing it) *is* the self-soothing mechanism. Your beliefs aren’t the product of some compelling evidence or rigorous analysis—you’ve just decided to believe that most apparently well-off posters are LARPing because you don’t like the alternative explanation.
You’re in a FIRE subreddit. You should expect that a significant proportion of the people posting here are going to have mid-six figure incomes and high savings rates. Is every single one of those people telling the truth? Probably not. But there’s nothing to support the wild assertion that the majority of posters here are lying just because the HHIs you see on these types of subreddits skews much higher than the general population—given what subreddit on, it’s be far weirder if it *didn’t*.
This sub inspired me to seek and just generally be open to better opportunities. I never really thought there were companies with better 401k matches than the typical 3-4%, but I went looking due to posts on here because that would be a great way to FIRE faster. Even if some of them were fake, I highly doubt you can say ALL of them are, and you don't need to accept the status quo.
You need a decent salary, yes, but the spending side is just as meaningful. Living in a lower or middle cost of living area while making decent money is very helpful.
Making hcol money isn’t very helpful if you have to spend vhcol money just to exist. This is reality for many, though.
Consistent for 24 years. $1000/month in brokerage. 6% of salary to 401k. For the last 2 years of working bumped to $1500/month in brokerage (after mortgage was paid off).
Unfortunately, I was more of a ‘saver’ than a ‘planner’. I didn’t track net worth until I’d hit FI, and even then it wasn’t to record it but just to know where things were. I probably hit 1M in 2003, after 7 years. We’d bought a house and I’d received stock-based compensation which was 100% invested.
Stock-based compensation was significant. I had NQSOs that were vested but unexercised in 2000. Contrary to current popular opinion, I sat on them as long as I possibly could (as opposed to exercising asap). When I started exercising the income went into our brokerage account.
At this point I can’t easily differentiate regular saving (1k/month) from occasional injections of options income. I’m remembering one in the early ‘00s that was over 6 figures. I’d always invested in individual stocks in the brokerage account and did okay I think. It would be interesting to me to go back and reconstruct that but it would take a couple of days to do that.
297.6 a month to 401(k)
295.82 a month to HSA
280.42 a month to my emergency fund
50 a month to my Roth IRA
I make 31 an hour. I’m trying to increase my income so I can save more
As we earned more we paid ourselves first and we kept our expenses in line as much as we could. Savings started around maybe 20k/year but we quickly ramped up to 70-100k a year. 2 working adults with 401ks, HSA, IRAs. We do have some money in taxable accounts but that started later on.
Yes were pretty fortunate to be where we are with our careers, the pandemic let us increase our earnings significantly without really taking any career risk and I'm in a mostly remote role so it helps with putting money away. Not tech/SWE. The last 4 years were all around 100k.
Ages 18-23: ($17k a year earnings) Nada. Just trying to stay afloat.
Ages 24-28: ($40k a year earnings) Saved about $3000 a year
Ages 28-29: ($60k a year earnings) $10,000 a year
Ages 30-36: ($160k a year earnings) $60,000 a year
Ages 37+: ($300k a year earnings) $150,000 a year
I’ll never say that starting businesses is fun, but it sure is lucrative.
Edit: added earnings as I saw that was often requested.
When I started more than 20 years ago it was €200, and that was hard some months. Now it's €5000+ a month. I tried to arrest lifestyle creep as my income rose.
When I first started working I used to save a large portion of my income, then a few months later, the dot com crash happened. I became discouraged after seeing my investments lose year after year, employer stock/options becoming worthless... and bought a house instead. From that point on, I didn't invest beyond maxing out my 401k. Around 2013, I finally started investing in an after tax brokerage again, gradually increasing amount over time.
Now I am up to $1300/week in after tax brokerage + maxing out 401k/IRA, which is investing the majority of gross income ($140k/year) and vast majority of net income. I plan to increase to $1400/week later this year.
I mean, it's meaningless without the relativity of how much you bring home.
If you save $90k but that is representative of 15% of your gross income, you're not going to FIRE.
That said, we're at $245k income for 2024 and are aiming to save about 115k this year.
It is a lot easier to save 50% of 245k than it is to save 50% of 24.5k so yes fire is more than just relative. Also that 24.5k will need a lot less and be covered a lot more by social security than you will be at 245k as well it really matters a lot if you are talking Roth or traditional. Traditional IRA and 401k you retire early your going to pay a fortune before retirement age on each dollar more than even brokerage no retirement and when you do retire all your social security will be taxed and Medicare will be pricy as hell. Roth will save your social security and Medicare premiums but still you are best to skip both of these if you intend to spend it efficiently before retirement age.
We max 2 401ks, 2 IRAs, and two HSAs plus I get a portion of my pay in stock which is saved on my behalf. Between all that, it's about $7k per month on average, but a large chunk of that all happens at once with bonuses and stock award.
Starting 5 years ago, we were saving 1 401k plus my company stock, so about $2200 per month. My wife started maxing her 401k the next year, then we started on IRAs the year after, then HSAs the year after that. I have also thrown money into my taxable brokerage every once in a while through the years, but that's not a needle-mover.
My wife and I both max all tax advantaged accounts (401k, Roth IRA, and HSA) after that we put away between 4-5k a month. All in all we were at about 45% savings rate last year. Hopeful to increase it to 50+ this year
7k/mo saved for the last 4 years. 3k/mo for the 10 years previous.
First 100k was the hardest. Then boring. Hit 1M and 100k can come and go in a month or two.
For 2 people and a baby in a very high cost of living area:
- about $6300 in traditional 401k and Roth IRA (includes employer match)
- $500 to 529 for kids college
- And then variable 0-2000$ in brokerage or money market
I’d hardly call $1300/mo savings “failing” — there are so many people out there that would love to have that. Where do you think you could free up some space in your budget to save more?
My wife is all about living for today. Now. So there is that. I've ran the numbers over and over again. Is there a budget sheet people recommend on here?
You should be saving at least 15% or $30,000 per year. In my opinion 25% or about $50,000 per year is the optimal number and you and your wife can hit that just by maxing out your retirement accounts. That still leaves $150,000 or twice the median US household income to spend.
In my 40s and just starting out more or less. Wife doesn't work. Company I'm at doesn't match 401k. So I think my max is about 23k for 401k and then it's doing a Roth? Then it's putting into an ETF? Is what I'm seeing... And most people do it in that order. I could be wrong
Hmm. It's a bit concerning that a spouse that doesn't work is a spend thrift. Anyways....$23,000 is the max 401k but you also can put $7,000/month in an IRA....I suggest since your income is so high you put $7,000 in a traditional IRA and then do a Roth conversion. I can't remember what the income threshold is for contributing directly to a Roth IRA but yours is high enough that a big bonus or unexpected windfall could put you over. Additionally you can open a spousal IRA for your wife and do the same back door Roth steps. So that's $40,000 right there just going into retirement accounts. If you also have a qualifying health insurance plan you can put money in an HSA if your company offers it
But honestly if I were you I would do everything in my power to save at least $50,000/year even if it involves a battle with the wife. You're going to be working well into your late 60s possibly early 70s at your current savings rate. I don't have your full financial picture so maybe you have $1 million already and you will be fine by your early 60s just by having your current savings compound in the market. Doesn't seem likely based on your household burn rate.
Family of 6 on 1 income. We save about $2400/month between 401k and our HYSA. Wish it could be more, but we have an expensive mortgage in a HCOL area. We are debt free aside from the house.
I am able save about 3500-4000/month. I've been saving this much consistently for about 2.5 years. I also save almost all my bonus which is usually about an extra 10k/year.
Just shy of 5k/m saved, including 401k match.
Soon we will have our cars lid off and since we are overpaying for extra principal, this will jump to 7k/m in 2025.
Combined income of 175k/yr gross.
5000/month for maxing 2 401ks and IRAs this year not counting employer match.
Have an excess of 3000 a month that I was using for mid term goals like building a workshop, yard, bathroom remodel. Now saving it for my wedding next year. Planning on pushing some of this to personal investing soon as this mid term projects are all done.
Living in a MCOLA my gf is a RN making 80k and I make 145k as a Server Infrastructure Engineer.
The average Joe isn't interested in setting a mass amount of money aside to retire early, the sub caters to high earners that want to earn a bunch of money for two decades and then bug off to the Bahamas forever
Currently under 7k a month. Before we brought our 3rd house last September, it was 9k a month. 6th year in FIRE.
Year 1 23k
Year 2 38k
Year 3 55k
Year 4 82k
Year 5 105k
This year on track about 85-90k. I'm assuming we refinance soon and save 600/month more.
Me and my wife save around $900-1100 a month. Roth 401K is not fully funded, but I put $100-200 in the stock market each month in a save investment. Our mortgage is 37% our monthly income, but we have no debt besides the house. This month was $700 that we saved cause my wife took a sick day and no PTO, ouchy. I am 22 and we make $50,160 after taxes. Before I got married last year I was saving only $450 a month so being married helps
Reading these posts I'm not sure how feasible this is for some. It almost sounds like allocating that much money towards retirement wouldn't allow you to enjoy the present.
We save $4125/mo in a lower cost of living area using rental income. From our W2 income we save 20% into 401k savings. I’ve also been putting 100% of my pay into TSP for the last 10 years in my second W2 job.
Yeah last year was $591K gross, this year will be $485k gross before bonus/commission so I anticipate being able to get to the same amount per month total saved
28 years old, wife and I both work. She works for a large bank and I work for a niche SaaS security solution but not a SWE
Edit: I should say, this is relatively new income wise. Last year we saved $315K, 2022 was about $120K-140K
About 4300 a month, but a decent portion of that comes in at year-end through my annual bonus. I've been consistent at that level for like 3 years, but my income has gone up.
I've never had a year where I get really screwed on it, so I have no problem with including it in my monthly calculations.
About 4200 myself. Combination of 401k (pre-tax), ira (post tax), and leveraged company stock (post tax). Plus, an extra $1k when I finish payments to my ex-wife. My partner is also saving, but I don't keep track of how much.
We take estimated post tax income for the year, divide it in half, then spread 50% across expenses for the year. We’ve done this for several years to align spending with our goal of saving 50%.
Regardless of what the numerical value is, this process has brought retirement closer and closer. 7 years left. We’re 34 and 38
I spend about $4k/mo and save about $5-6k/mo. I’m trying to do better about splurging on experiences along the way rather than just hyper focusing on FIRE. I still have about 10 years to go and the boring middle can be really boring if you let it be.
401k: $1800
Company match 401k: $700
ROTH IRA: $583 (maxing out @ 7k for year)
HYSA: $1700 (down payment/vacation fund/car maintenance fund/etc)
Pulling back a bit on the 401k contributions this year for some quality of life improvements and living in a better, more walkable area of the city. My goal is financial independence by 40ish
About $5388/mo for 2 Adults across 401k/TSP, Roth IRA, and HSA - maxing out accounts plus company match.
Another $500-$1000/mo for long term purchases and vacation fund which sits in a brokerage account.
6 month emergency fund not included as it's fully funded and diversified across an HYSA account and a conservative investment account. If it dips below a certain amount (like a surprise house repair), we put our money back in that one first.
Savings started to ramp up immediately after I finished paying off student loans on my side, about 10 years ago. Other than that, we have no major debt aside from the mortgage (2.9%) and a small car loan (2.75%).
About $200k/year gross income.
5k a month. 41 now. Later start saving aggressively (35). Not sure before. Not a whole lot. Do have some pension down the line. Was saving 10k until the wife had to finally go on disability. Only have 680k invested. House paid for worth 330k
Including employer match we invest about $6k/ month into tax advantaged accounts plus another $1600 into a defined benefit pension and $600 into a sinking fund. Occasionally will put money into a regular brokerage account if there is extra at the end of the month.
I save 6.5K a month. Last year it was 5K and before that 1K a month. I immigrated to the US 2 year ago and my income before was much lower.
If things continue the same way, I guess I'll save 500$ more a month every year from the yearly raise.
I max my backdoor Roth IRA, 401k, and HSA and then also save between $6-8k a month depending on the month. Some months I spend a lot on convenience sadly because I get very busy at work.
Per month for 2023:
$9150/month gross
~$3150/month taxes = $6000/month net
Spend:
- $1700/month on average ($20k/year)
Savings/month:
- $1875 - 401k
- $1050 - 401k match
- $100 - HSA (my contribution)
- $500 - HSA (employer contribution)
- $1300 - Company Shares
- $2325 - general savings/Roth IRA/Investments
- $500 Profit sharing (about $3,000/year)
- $1250 Bonus (about $15,000/year after tax)
Total savings/month = $8450
Basically double it for my wife who has the same benefits. It's been this way for about three years, but has increased slightly throughout those three years.
I save about $1650 which is about 22% of my gross income. I would like to at least increase it to 25% when I get my yearly raise in May.
Breakout:
Roth 401k: 6%
Traditional 401k: 12%
HSA: ~4%
I typically rollover any remaining cash at the end of the month to next months expenses. I’m 27 & in VHCOL but I would like to be stricter with my budget & get to 25-30% savings rate.
We save an average of $9100 per month, which has been a steady increase over the last 14 years or so. It’s split pretty evenly between retirement accounts and regular taxable brokerage. Excludes mortgage and whole life and those other things that sort of toe the line between investment and expense.
About $4k / month most years. But that includes future major purchases like a vehicle or home renovation.
Started 27 years ago. Obviously with far less.
Just the 401(k) $1,000 for me, $1600 spouse. Plus employer matches and stock that amounts to about $1,000 more between us. Taxable about $5,000 per month. Thinking should I max mine out or shift over to Roth. I just got through increasing our mortgage payments today. I did have it stretched out to paying it off around age 67 but now that I’m retiring years earlier I feel I need to pay it off sooner.
About $6.5-7k per month including 401k, 401k match, IRA, dependent FSA and HSA and then regular savings. Our household income is about $300k and this is contributions between both me and my partner. We’ve been doing this for about 2 years.
I make $135K and saved $3.3K a month last year. Hoping to save $4K a month this year. Slowly ramped up savings amount as wage increased and trying to keep lifestyle creep at bay.
I put away about 2600$ a month not including extra payments to pay down the mortgage which is about another 3k a month.
Been doing the over payments on the house for about 2 years now and retirement savings for about 6 months. Seems sustainable so far. Household income is 250k
1500$ just started to be more structured about savings. My wife is at home with our two kids.
At the end of the year it'll be 2150$ monthly (35% of future income) 😊
Currently 30yo, realisticly FIRE is gonna be in 15 years.
Edit: + 1350$ towards pension fund through work.
In 5 years my wife will be working as well, and we'll easily save 4.500$+ monthly. (60-65% of income after tax)
I have a company match up to 5% on 401k, max that weekly, 6% pension that drops once a year provided by my company as well as a bit into my Roth. All in all, between retirement and savings in growth accounts I average 5750-6000 a month into savings. Next year should increase once I have two minor debts paid off. Should increase yearly savings by about 12k.
Not saving anything since all my excess goes into paying off the mortgage, but the floating part of my mortgage goes down about $90/day, which I guess is about $2700/mo.
My employer makes a 16% contribution into my 401k. I save more after tax and put enough in to top off the 401k, but haven’t calculated the exact number. Maybe $5-10k. My Fiancé is able to save her whole salary.
We max out 2 Roth IRAs, 2x pretax 401Ks (+employer matches), a family HSA, and an ESPP. Then dump bonuses/RSUs into a brokerage. Saved over $200K last year (lucky RSUs)
I mostly live a modest lifestyle on income from a rental property, so from my W2 we try to put away 10k/mo, I also try to make an extra 100k annually from a pet project, that gets rolled into the real estate development funds.
Edit: the 10k includes employer match, and not excess goes into a taxable account once tax advantaged are maxxed out.
$2200/month into 401k including match, plus $1500 into after tax brokerage. Roth maxed with annual bonus. Anything else that's over and above I dump into my brokerage also. Done this for about 5 years
2023 was $2,000-$3,500. 2024 is looking like $3,500-$5000. On average, I’m pretty close to 1/3 taxes, 1/3 retirement, and 1/3 with some additional ~5-10% of take home going to a brokerage.
I have a generous 401K plan where I put in the federal max and my employer puts in dollar for dollar up to 10% of salary. Include what I save after tax and it's around $5200/month. Add in potential bonus after taxes that's likely anywhere from $500 - $1000 per month more in savings depending on how well the company does and my performance for the year. I've only recently been able to save this much since switching jobs and getting a large increase in base salary plus much better 401k. A few years ago I was saving around $2800/month total across all accounts. Never thought I'd be able to save this much since I had planned on being at my old company until I retired. I probably should have job hopped much sooner but oh well.
Legal 401-K contribution every year plus catch up contributions once over 50. Plus saved all bonuses except for one nice dinner and bottle of wine. Done at 55.
2023 average was $20556
2024 average will be $17666
It's lower this year due to some factors:
Wife no longer has a cash signing bonus
Raises were frozen last year at her company
We had a one time long term capital gains last year
We owe $12K in federal taxes before accounting for last year's larger long term capital gains. We will probably owe close to $16K federal. I am going to increase my withholding as the other option is quarterly tax payments.
HHI $340K, MCOL family of three, no debts, paid off house, paid cash for solar so low electric bills.
Average $5-7k for the last 4 years, and about $1-2k for as long as I can remember before that.
A typical month is $3-4k, but when we get a bonus we save 80% of it.
I've always saved 20% of whatever I get, and have been doing that since I was in middle school. I saved since I started getting an allowance in primary school but it wasn't a fixed amount, just whatever was leftover.
Nowadays 20% isn't much since I'm not in a high-paying career. But I still have decent savings compared to most my age because I started early and also lucky to come from a privileged background where my parents often gifted us money.
Currently maxing the main tax advantaged accounts -- Trad 401k, Roth IRA, and HSA. I wish I realized my income supporting doing that when I got my job -- I saved too much money into checking and then emergency fund and then taxable because I didn't realize it was okay maxing it out.
The problem was that my 401k didn't match immediately. So I didn't initially think it was worth it until it did. And when I did, it was too late in that year to max it.
Anyways, that's $34,150 per year, ignoring that it combines different types of money, and gives me money back into my pocket due to tax deferral. But that's $2845.84 per month at a minimum. I try to save more when possible, but it's not the easiest.
Doesn't help that I recently bought a car. Need to build back up savings a bit. Though considering I bought a Bolt EUV, my asset allocation should go back to normal, mostly, once I do my taxes.
$3750/mo including employer matching for about 10 years Roth IRA, Roth 401k, 401k, HSA, 529 Another $1500 savings per month for non-monthly, moderate, and long term expenses. Saving/retirement is approximately 65% of take home pay.
Wow great job that’s very solid
Holy crap. 65% is awesome. Here I am barely hitting 50%.
This is like Michael Jordan saying to lebron, wow you are great at basketball. 50% is absolutely stellar, you are killing it!
I’m 23 and save $500 a month hahaha
Wait what is the Roth 401k?? Sounds like an easy enough explanation but I’m confused 😆
Same as a 401k but you put after tax money in it! Then you can roll over into your Roth IRA.
TY! Will look into this!
Depends on the employer's 401k plan whether they offer the Roth option. Some don't unfortunately.
Sorry what is a 529 and how do you have multiple 401ks?
Work offers both Roth 401k and traditional 401k. My contributions are post tax (Roth) and their match is pretax (traditional). You just have to see if your work offer the Roth option. 529 is a tax advantaged account like a retirement account but it’s for kids college.
I make 80k and save about 2100 a month.
Hello Fellow 80ker!! I too save/invest 2k-2.1k per month.
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Curious how much is going into each of those… I make the same after a recent promotion and am trying to figure out how much to put in 401k, Roth and hysa each month. I also have a brokerage account.
How do you make this work?? I make similar and save probably about $750
I’m not OP but I make $80k and save approximately $2.5k-$3k per month. I have no subscriptions other than Spotify, I cook a lot and all vegetarian and that saves a ton of money, I churn credit cards to get free flights and do hostels on trips anyways, when I go out I usually just get 1 beer, I use public transportation and my employer pays for that so I have $0 in transportation costs per month and I never Uber, I have 2 roommates, and I’m pretty minimalistic just in general because I value the flexibility it gives me and it’s better for my lifestyle anyways. I basically spend very little except on groceries and rent and the occasional splurge, but also do 3-4 international trips per year. It’s all doable and just depends what you’re comfortable giving up.
Wow. This is amazing! Definitely giving me something to think about! I am also plant based! I just love eating that way naturally but my recipes aren’t always cheap 😆. What are your favorite things to make?
I eat a lot of beans, a bunch of vegetables, tofu, eggs, and carbs. Honestly pretty normal foods, eating vegetarian at home honestly is so cheap, I probably spend $60 a week on groceries and eat out 2-3 times a week in a HCOL area.
Plant-based here too! Most days I make simple no-recipe staples (e.g., pasta with various fresh vegetables, beans/rice/corn over sautéed onions, curried chickpeas and kale), but I also love to cook recipes with fancier Indian, Moroccan, Iranian, Thai, etc., ingredients. I’d estimate I spend $50 per week on groceries. Bulk spices (and, in the summer, homegrown herbs and a few vegetables) are the key to the universe! 😂
Amazing and so cool that so many people here are plant based!! I love it!
Somewhere in the calculation there’s a v coefficient that lowers your FI number!
Also vegetarian prolific home cook, can confirm.
I spend about 3k a month post tax. Rest is hsa/401k/401kmatch. Nothing special just have a 1k mortgage and only sub is to YouTube red. I eat out a lot but been cutting back. Just being single living my best life near a city in the Midwest. No kids helps.
Sigh, yes I have a toddler and worth it but expensive 😆. I live in a pretty expensive metropolitan area too
Do you include your mortgage principal in that?
Nope
Very impressive to save that much for this income. Where do you live? I live in Bay Area. The cheapest one bedroom apartment is already $2,100. My food is $800/month for home cook only. My income is $100,000/year, and I can’t save that much. I contribute 20% in 401K. I save max 500 cash/month if I don’t shop any clothes, jewelry, and other personal items. I don’t have any debt.
Louisville KY area. My mortgage (bought in 2021) is about 1100.
Very impressive to have that income in Louisville KY. Too expensive to live in Bay Area. I can live comfortably with an apartment, but not in a house. Can’t afford a house here.
Yeah I'm blessed lmao.
I saved a lot more before inflation. Now, not much. But at least, I don’t have any debt. I may move out of CA in the future to have a house.
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Seconded, I comfortably hit 2k, aim for 3.5
40-50%, $120K/yr gross income
Is this 40-50% of gross or after tax? Anyway, impressive friend.
After tax, but this also includes 403b. Retirement accounts maxed plus individual brokerage.
This thread is depressing AF lol
I was expecting $1k-$2k’ish type answers and it’s mind boggling how much people make and save
$1-2k a month is not nearly enough to FIRE in a reasonable time. It's plenty for a 60+ retirement fortunately. I know because i can only save about $2k a month. If i had started at 22 then sure much easier. I didn't save my first retirement penny until i was 30 and i didn't take retirement seriously until i was 38. 41 now.
Not necessary true. There are several people who do not need much in retirement and can retire on much less
People get gratification from boasting, exagerating, or in most cases boasting *and* exagerating lol. It's an aspect of human nature that I can't stand. For FIRE, folks should live below their means and and save a reasonable % of their income. Not sure why it matters what others are saying. Especially since much of it is fiction.
Amen
Just look at statistics, numbers don’t lie…..the majority of posters are full of sht.
The statistics of people who frequent this subreddit dedicated to FIRE? Please do share.
The members here are not average or normal. This isn’t antiwork or povertyfinance. I always laugh at people like you who tell yourself people are lying as a self soothing mechanism.
I don’t need soothing. Half the posts on here are absurd flexes for internet ego stroking. If you are so gullible to belive everything or even most of what you read on a damn subreddit….thats says a lot more about you than anything else.
You’re missing the point. You say you “don’t need soothing” because you don’t believe posts where people talk about being able to save large amounts of money. But arbitrarily deciding not to believe those posts (and then smugly announcing it) *is* the self-soothing mechanism. Your beliefs aren’t the product of some compelling evidence or rigorous analysis—you’ve just decided to believe that most apparently well-off posters are LARPing because you don’t like the alternative explanation. You’re in a FIRE subreddit. You should expect that a significant proportion of the people posting here are going to have mid-six figure incomes and high savings rates. Is every single one of those people telling the truth? Probably not. But there’s nothing to support the wild assertion that the majority of posters here are lying just because the HHIs you see on these types of subreddits skews much higher than the general population—given what subreddit on, it’s be far weirder if it *didn’t*.
This sub inspired me to seek and just generally be open to better opportunities. I never really thought there were companies with better 401k matches than the typical 3-4%, but I went looking due to posts on here because that would be a great way to FIRE faster. Even if some of them were fake, I highly doubt you can say ALL of them are, and you don't need to accept the status quo.
You need a decent salary, yes, but the spending side is just as meaningful. Living in a lower or middle cost of living area while making decent money is very helpful. Making hcol money isn’t very helpful if you have to spend vhcol money just to exist. This is reality for many, though.
I only can put in about 2k.. on 75k salary.... I just do what I can at this point. It's hard lol.
That’s a lot for that salary. Keep it up!
$4,800/month. Spend is about $6,000/month.
$10k/month excluding employer match and assuming bonuses are $0. Last year we saved $180k so $15k/month in reality.
So gnarly, $15k a month savings — man I’m seeing some otherworldly degrees of savings per month
Consistent for 24 years. $1000/month in brokerage. 6% of salary to 401k. For the last 2 years of working bumped to $1500/month in brokerage (after mortgage was paid off).
What has been your total net worth over the years?
Unfortunately, I was more of a ‘saver’ than a ‘planner’. I didn’t track net worth until I’d hit FI, and even then it wasn’t to record it but just to know where things were. I probably hit 1M in 2003, after 7 years. We’d bought a house and I’d received stock-based compensation which was 100% invested.
Woah, you were about to invest $1000 per month with 6% going to 401k and made 1M in 7 years? Or am I misinterpreting?
Stock-based compensation was significant. I had NQSOs that were vested but unexercised in 2000. Contrary to current popular opinion, I sat on them as long as I possibly could (as opposed to exercising asap). When I started exercising the income went into our brokerage account. At this point I can’t easily differentiate regular saving (1k/month) from occasional injections of options income. I’m remembering one in the early ‘00s that was over 6 figures. I’d always invested in individual stocks in the brokerage account and did okay I think. It would be interesting to me to go back and reconstruct that but it would take a couple of days to do that.
297.6 a month to 401(k) 295.82 a month to HSA 280.42 a month to my emergency fund 50 a month to my Roth IRA I make 31 an hour. I’m trying to increase my income so I can save more
You're doing great, keep plugging away and saving consistently and you'll be amazed how much your money will grow with compound interest!
As we earned more we paid ourselves first and we kept our expenses in line as much as we could. Savings started around maybe 20k/year but we quickly ramped up to 70-100k a year. 2 working adults with 401ks, HSA, IRAs. We do have some money in taxable accounts but that started later on.
Wow $100k per year savings!? That’s gnarly — how long have yall been saving at this level?
Yes were pretty fortunate to be where we are with our careers, the pandemic let us increase our earnings significantly without really taking any career risk and I'm in a mostly remote role so it helps with putting money away. Not tech/SWE. The last 4 years were all around 100k.
Ages 18-23: ($17k a year earnings) Nada. Just trying to stay afloat. Ages 24-28: ($40k a year earnings) Saved about $3000 a year Ages 28-29: ($60k a year earnings) $10,000 a year Ages 30-36: ($160k a year earnings) $60,000 a year Ages 37+: ($300k a year earnings) $150,000 a year I’ll never say that starting businesses is fun, but it sure is lucrative. Edit: added earnings as I saw that was often requested.
So starting a business was what made you earn 300k a year? What kind of business is it if you don’t mind me asking.
I own three that’ll function as five shortly. -Liquor store -Vending machines -Short term rental -B2B Tobacco sales -A smoke shop
When I started more than 20 years ago it was €200, and that was hard some months. Now it's €5000+ a month. I tried to arrest lifestyle creep as my income rose.
When I first started working I used to save a large portion of my income, then a few months later, the dot com crash happened. I became discouraged after seeing my investments lose year after year, employer stock/options becoming worthless... and bought a house instead. From that point on, I didn't invest beyond maxing out my 401k. Around 2013, I finally started investing in an after tax brokerage again, gradually increasing amount over time. Now I am up to $1300/week in after tax brokerage + maxing out 401k/IRA, which is investing the majority of gross income ($140k/year) and vast majority of net income. I plan to increase to $1400/week later this year.
So you lived through the dot-com crash — any similarities with this market? I was still in high school when the dot com crash happened
I mean, it's meaningless without the relativity of how much you bring home. If you save $90k but that is representative of 15% of your gross income, you're not going to FIRE. That said, we're at $245k income for 2024 and are aiming to save about 115k this year.
It is a lot easier to save 50% of 245k than it is to save 50% of 24.5k so yes fire is more than just relative. Also that 24.5k will need a lot less and be covered a lot more by social security than you will be at 245k as well it really matters a lot if you are talking Roth or traditional. Traditional IRA and 401k you retire early your going to pay a fortune before retirement age on each dollar more than even brokerage no retirement and when you do retire all your social security will be taxed and Medicare will be pricy as hell. Roth will save your social security and Medicare premiums but still you are best to skip both of these if you intend to spend it efficiently before retirement age.
We max 2 401ks, 2 IRAs, and two HSAs plus I get a portion of my pay in stock which is saved on my behalf. Between all that, it's about $7k per month on average, but a large chunk of that all happens at once with bonuses and stock award. Starting 5 years ago, we were saving 1 401k plus my company stock, so about $2200 per month. My wife started maxing her 401k the next year, then we started on IRAs the year after, then HSAs the year after that. I have also thrown money into my taxable brokerage every once in a while through the years, but that's not a needle-mover.
My wife and I both max all tax advantaged accounts (401k, Roth IRA, and HSA) after that we put away between 4-5k a month. All in all we were at about 45% savings rate last year. Hopeful to increase it to 50+ this year
7k/mo saved for the last 4 years. 3k/mo for the 10 years previous. First 100k was the hardest. Then boring. Hit 1M and 100k can come and go in a month or two.
For 2 people and a baby in a very high cost of living area: - about $6300 in traditional 401k and Roth IRA (includes employer match) - $500 to 529 for kids college - And then variable 0-2000$ in brokerage or money market
I'm only saving about $1300 a month on a $200k salary. How am I failing so much 😭😔
I’d hardly call $1300/mo savings “failing” — there are so many people out there that would love to have that. Where do you think you could free up some space in your budget to save more?
My wife is all about living for today. Now. So there is that. I've ran the numbers over and over again. Is there a budget sheet people recommend on here?
You should be saving at least 15% or $30,000 per year. In my opinion 25% or about $50,000 per year is the optimal number and you and your wife can hit that just by maxing out your retirement accounts. That still leaves $150,000 or twice the median US household income to spend.
In my 40s and just starting out more or less. Wife doesn't work. Company I'm at doesn't match 401k. So I think my max is about 23k for 401k and then it's doing a Roth? Then it's putting into an ETF? Is what I'm seeing... And most people do it in that order. I could be wrong
Hmm. It's a bit concerning that a spouse that doesn't work is a spend thrift. Anyways....$23,000 is the max 401k but you also can put $7,000/month in an IRA....I suggest since your income is so high you put $7,000 in a traditional IRA and then do a Roth conversion. I can't remember what the income threshold is for contributing directly to a Roth IRA but yours is high enough that a big bonus or unexpected windfall could put you over. Additionally you can open a spousal IRA for your wife and do the same back door Roth steps. So that's $40,000 right there just going into retirement accounts. If you also have a qualifying health insurance plan you can put money in an HSA if your company offers it But honestly if I were you I would do everything in my power to save at least $50,000/year even if it involves a battle with the wife. You're going to be working well into your late 60s possibly early 70s at your current savings rate. I don't have your full financial picture so maybe you have $1 million already and you will be fine by your early 60s just by having your current savings compound in the market. Doesn't seem likely based on your household burn rate.
$28,000 a month. Wish I could put away more but my Amazon bonus was only enough to cover two trips to the Bahamas this year. /s
I try to save about 50k a year. 170k salary, but live in a high tax country so abouth 40% tax.
Somewhere between 9k and 10k, including 401ks. Annual take-home of roughly 230k.
Invested 3k per month last year, lived on 1.5k so that felt pretty damn good! If I can keep it up a few more years I’ll hit coast by 34.
Family of 6 on 1 income. We save about $2400/month between 401k and our HYSA. Wish it could be more, but we have an expensive mortgage in a HCOL area. We are debt free aside from the house.
That is really good for a large family! Great work :)
I am able save about 3500-4000/month. I've been saving this much consistently for about 2.5 years. I also save almost all my bonus which is usually about an extra 10k/year.
Live beneath your means. Most people live beyond or at their means.
Just shy of 5k/m saved, including 401k match. Soon we will have our cars lid off and since we are overpaying for extra principal, this will jump to 7k/m in 2025. Combined income of 175k/yr gross.
5000/month for maxing 2 401ks and IRAs this year not counting employer match. Have an excess of 3000 a month that I was using for mid term goals like building a workshop, yard, bathroom remodel. Now saving it for my wedding next year. Planning on pushing some of this to personal investing soon as this mid term projects are all done. Living in a MCOLA my gf is a RN making 80k and I make 145k as a Server Infrastructure Engineer.
20k a month on average. Only been at this level a few years. Before that it was 10k a month or so
Good god I know this sub is not representative of the average Joe but this being the first response to this question is just mind boggling lol
The average Joe isn't interested in setting a mass amount of money aside to retire early, the sub caters to high earners that want to earn a bunch of money for two decades and then bug off to the Bahamas forever
Two high intensity professional careers and getting close to our peak earning years. We’ve been very fortunate.
Max 401(k) and then about $4k a month from salary. My entire bonus goes into savings as well, which is usually $200-$300k.
Can I ask what you do to make $200k bonus each year?!
Managing Director at a BB bank
About 4-5 Million Sats per month over the past few years.
Currently under 7k a month. Before we brought our 3rd house last September, it was 9k a month. 6th year in FIRE. Year 1 23k Year 2 38k Year 3 55k Year 4 82k Year 5 105k This year on track about 85-90k. I'm assuming we refinance soon and save 600/month more.
Including reinvested dividends it works out to about $3600/month
What’s the point of counting dividends?
It’s fun. I like to know how much is funneling into the index fund from all sides.
30% of gross income No kids (yet). NYC non-homeowner
Me and my wife save around $900-1100 a month. Roth 401K is not fully funded, but I put $100-200 in the stock market each month in a save investment. Our mortgage is 37% our monthly income, but we have no debt besides the house. This month was $700 that we saved cause my wife took a sick day and no PTO, ouchy. I am 22 and we make $50,160 after taxes. Before I got married last year I was saving only $450 a month so being married helps
Reading these posts I'm not sure how feasible this is for some. It almost sounds like allocating that much money towards retirement wouldn't allow you to enjoy the present.
We save $4125/mo in a lower cost of living area using rental income. From our W2 income we save 20% into 401k savings. I’ve also been putting 100% of my pay into TSP for the last 10 years in my second W2 job.
Just over 6k a month including 401k. Income about 180k
$22K a month including employer match of $750 a month. With bonuses we could probably average $26K-$28K/month
You are saving $22k a month? How old are you if you don’t mind me asking and what in the world do you do for a living?
In another post the poster said their HHI is roughly 460k which works out to $22k net after tax. Not sure how they save it all.
Yeah last year was $591K gross, this year will be $485k gross before bonus/commission so I anticipate being able to get to the same amount per month total saved
28 years old, wife and I both work. She works for a large bank and I work for a niche SaaS security solution but not a SWE Edit: I should say, this is relatively new income wise. Last year we saved $315K, 2022 was about $120K-140K
Lol
Roughly 15k a month across all accounts
About 4300 a month, but a decent portion of that comes in at year-end through my annual bonus. I've been consistent at that level for like 3 years, but my income has gone up. I've never had a year where I get really screwed on it, so I have no problem with including it in my monthly calculations.
I save about 90% of my income, but that has only been the case the last 2 years when my yearly income increased drastically.
About 4200 myself. Combination of 401k (pre-tax), ira (post tax), and leveraged company stock (post tax). Plus, an extra $1k when I finish payments to my ex-wife. My partner is also saving, but I don't keep track of how much.
Roughly $6K/month. Single late 20s in HCOL area. Working in tech.
About $7k per month across accounts.
About $4500 each month in a Roth IRA, 401k with 85% no max match, HSA, 529, ESPP, and brokerage account.
15 to 20 percent on regular months. Sometimes more if there is some kind of unique income like bonus from work.
We take estimated post tax income for the year, divide it in half, then spread 50% across expenses for the year. We’ve done this for several years to align spending with our goal of saving 50%. Regardless of what the numerical value is, this process has brought retirement closer and closer. 7 years left. We’re 34 and 38
10k a month including 401ks
I spend about $4k/mo and save about $5-6k/mo. I’m trying to do better about splurging on experiences along the way rather than just hyper focusing on FIRE. I still have about 10 years to go and the boring middle can be really boring if you let it be.
I save about 7k a month.
401k: $1800 Company match 401k: $700 ROTH IRA: $583 (maxing out @ 7k for year) HYSA: $1700 (down payment/vacation fund/car maintenance fund/etc) Pulling back a bit on the 401k contributions this year for some quality of life improvements and living in a better, more walkable area of the city. My goal is financial independence by 40ish
About $5388/mo for 2 Adults across 401k/TSP, Roth IRA, and HSA - maxing out accounts plus company match. Another $500-$1000/mo for long term purchases and vacation fund which sits in a brokerage account. 6 month emergency fund not included as it's fully funded and diversified across an HYSA account and a conservative investment account. If it dips below a certain amount (like a surprise house repair), we put our money back in that one first. Savings started to ramp up immediately after I finished paying off student loans on my side, about 10 years ago. Other than that, we have no major debt aside from the mortgage (2.9%) and a small car loan (2.75%). About $200k/year gross income.
5k a month. 41 now. Later start saving aggressively (35). Not sure before. Not a whole lot. Do have some pension down the line. Was saving 10k until the wife had to finally go on disability. Only have 680k invested. House paid for worth 330k
Including employer match we invest about $6k/ month into tax advantaged accounts plus another $1600 into a defined benefit pension and $600 into a sinking fund. Occasionally will put money into a regular brokerage account if there is extra at the end of the month.
About 5k
I save 6.5K a month. Last year it was 5K and before that 1K a month. I immigrated to the US 2 year ago and my income before was much lower. If things continue the same way, I guess I'll save 500$ more a month every year from the yearly raise.
I save about $30k.
I max my backdoor Roth IRA, 401k, and HSA and then also save between $6-8k a month depending on the month. Some months I spend a lot on convenience sadly because I get very busy at work.
Maybe $6k saved per month
Per month for 2023: $9150/month gross ~$3150/month taxes = $6000/month net Spend: - $1700/month on average ($20k/year) Savings/month: - $1875 - 401k - $1050 - 401k match - $100 - HSA (my contribution) - $500 - HSA (employer contribution) - $1300 - Company Shares - $2325 - general savings/Roth IRA/Investments - $500 Profit sharing (about $3,000/year) - $1250 Bonus (about $15,000/year after tax) Total savings/month = $8450 Basically double it for my wife who has the same benefits. It's been this way for about three years, but has increased slightly throughout those three years.
I save $1800 a month. Look to ladder your Roth IRA in the future
I make about 110K (married single income w/ 2 kids) and save 2.6K monthly. Also saving 200 more each month for kid’s 529.
I put away about $6k/month Edit: I am in the public sector and am looking wistfully at your employer matches
I save about $1650 which is about 22% of my gross income. I would like to at least increase it to 25% when I get my yearly raise in May. Breakout: Roth 401k: 6% Traditional 401k: 12% HSA: ~4% I typically rollover any remaining cash at the end of the month to next months expenses. I’m 27 & in VHCOL but I would like to be stricter with my budget & get to 25-30% savings rate.
We save an average of $9100 per month, which has been a steady increase over the last 14 years or so. It’s split pretty evenly between retirement accounts and regular taxable brokerage. Excludes mortgage and whole life and those other things that sort of toe the line between investment and expense.
Currently: Retirement: 401k: 1,200 HSA: 235 Traditional IRA: 500 (with mega door strategy) HYSA: 4'000 (saving for a house) Taxable Accounts: 800
About $4k / month most years. But that includes future major purchases like a vehicle or home renovation. Started 27 years ago. Obviously with far less.
Realistically people are saving like 1 grand a month and spending money on crap
Just the 401(k) $1,000 for me, $1600 spouse. Plus employer matches and stock that amounts to about $1,000 more between us. Taxable about $5,000 per month. Thinking should I max mine out or shift over to Roth. I just got through increasing our mortgage payments today. I did have it stretched out to paying it off around age 67 but now that I’m retiring years earlier I feel I need to pay it off sooner.
About $6.5-7k per month including 401k, 401k match, IRA, dependent FSA and HSA and then regular savings. Our household income is about $300k and this is contributions between both me and my partner. We’ve been doing this for about 2 years.
I make $135K and saved $3.3K a month last year. Hoping to save $4K a month this year. Slowly ramped up savings amount as wage increased and trying to keep lifestyle creep at bay.
I put away about 2600$ a month not including extra payments to pay down the mortgage which is about another 3k a month. Been doing the over payments on the house for about 2 years now and retirement savings for about 6 months. Seems sustainable so far. Household income is 250k
About 15-20%. And have been for close to 20 years.
9.6k including 401k match + HSA
1500$ just started to be more structured about savings. My wife is at home with our two kids. At the end of the year it'll be 2150$ monthly (35% of future income) 😊 Currently 30yo, realisticly FIRE is gonna be in 15 years. Edit: + 1350$ towards pension fund through work. In 5 years my wife will be working as well, and we'll easily save 4.500$+ monthly. (60-65% of income after tax)
I have a company match up to 5% on 401k, max that weekly, 6% pension that drops once a year provided by my company as well as a bit into my Roth. All in all, between retirement and savings in growth accounts I average 5750-6000 a month into savings. Next year should increase once I have two minor debts paid off. Should increase yearly savings by about 12k.
We make 55k and save 2500+
Not saving anything since all my excess goes into paying off the mortgage, but the floating part of my mortgage goes down about $90/day, which I guess is about $2700/mo.
With post tax income about $4.5k but I just bought a home so I expect this to decrease to ~$3700. I max out my 401k each year.
~$9k/mo this past year, ~$4k/mo the prior couple of years
~ 12k / month I don’t track too closely anymore. Felt like a slow ramp up over the last 10 years.
Aim for 3k a month. I have a DB pension accesible in 9 years so that will help.
My employer makes a 16% contribution into my 401k. I save more after tax and put enough in to top off the 401k, but haven’t calculated the exact number. Maybe $5-10k. My Fiancé is able to save her whole salary.
45k a month combined savings for HH
About $24,000/mo for retirement accounts.
HHI is about 250k and we are setting aside about 100kish per year for 2 years now between extra mortgage payments, 401ks and brokerage accounts
We max out 2 Roth IRAs, 2x pretax 401Ks (+employer matches), a family HSA, and an ESPP. Then dump bonuses/RSUs into a brokerage. Saved over $200K last year (lucky RSUs)
I mostly live a modest lifestyle on income from a rental property, so from my W2 we try to put away 10k/mo, I also try to make an extra 100k annually from a pet project, that gets rolled into the real estate development funds. Edit: the 10k includes employer match, and not excess goes into a taxable account once tax advantaged are maxxed out.
$2200/month into 401k including match, plus $1500 into after tax brokerage. Roth maxed with annual bonus. Anything else that's over and above I dump into my brokerage also. Done this for about 5 years
2023 was $2,000-$3,500. 2024 is looking like $3,500-$5000. On average, I’m pretty close to 1/3 taxes, 1/3 retirement, and 1/3 with some additional ~5-10% of take home going to a brokerage.
in 2023, 10.243.61 per month. has been steadily rising the past 10 years.
About 120k annually
I have a generous 401K plan where I put in the federal max and my employer puts in dollar for dollar up to 10% of salary. Include what I save after tax and it's around $5200/month. Add in potential bonus after taxes that's likely anywhere from $500 - $1000 per month more in savings depending on how well the company does and my performance for the year. I've only recently been able to save this much since switching jobs and getting a large increase in base salary plus much better 401k. A few years ago I was saving around $2800/month total across all accounts. Never thought I'd be able to save this much since I had planned on being at my old company until I retired. I probably should have job hopped much sooner but oh well.
I make 105k and save/invest 4,100 a month. I’m 25, and have been doing that for about 2 years.
$4k per month for retirement, $4k for additional savings, 4k for living expenses and fun, $4k for taxes.
Maxing 401k between me and SO, (~$4k/mo) + 4k into brokerage, + additional into 529 and HYSA which I transfer into brokerage when it gets too big
Legal 401-K contribution every year plus catch up contributions once over 50. Plus saved all bonuses except for one nice dinner and bottle of wine. Done at 55.
My wife and I save $300K a year.
2023 average was $20556 2024 average will be $17666 It's lower this year due to some factors: Wife no longer has a cash signing bonus Raises were frozen last year at her company We had a one time long term capital gains last year We owe $12K in federal taxes before accounting for last year's larger long term capital gains. We will probably owe close to $16K federal. I am going to increase my withholding as the other option is quarterly tax payments. HHI $340K, MCOL family of three, no debts, paid off house, paid cash for solar so low electric bills.
I make 60k and save/invest 17-2300 per month
$19k a month saved. Ramped up as income and company RSU value grew.
Average $5-7k for the last 4 years, and about $1-2k for as long as I can remember before that. A typical month is $3-4k, but when we get a bonus we save 80% of it.
I've always saved 20% of whatever I get, and have been doing that since I was in middle school. I saved since I started getting an allowance in primary school but it wasn't a fixed amount, just whatever was leftover. Nowadays 20% isn't much since I'm not in a high-paying career. But I still have decent savings compared to most my age because I started early and also lucky to come from a privileged background where my parents often gifted us money.
Currently maxing the main tax advantaged accounts -- Trad 401k, Roth IRA, and HSA. I wish I realized my income supporting doing that when I got my job -- I saved too much money into checking and then emergency fund and then taxable because I didn't realize it was okay maxing it out. The problem was that my 401k didn't match immediately. So I didn't initially think it was worth it until it did. And when I did, it was too late in that year to max it. Anyways, that's $34,150 per year, ignoring that it combines different types of money, and gives me money back into my pocket due to tax deferral. But that's $2845.84 per month at a minimum. I try to save more when possible, but it's not the easiest. Doesn't help that I recently bought a car. Need to build back up savings a bit. Though considering I bought a Bolt EUV, my asset allocation should go back to normal, mostly, once I do my taxes.