How much money(% of your annual income)do you save? (401k, retirement plan)

[Ron.]

What % of your annual income is considered a good amount to save/invest? I know the economy is not doing so well and peoples budgets have changed but in general what is a good amount to save/invest?

Also, I do realize everyone earns different amounts of money but let's keep it simple and post your views.

How much do you try to save/invest? 10%,20%, 50%, etc...................

[eggalegga]

I was contributing 12% of my salary to my 401k, my employer contributes 2%. My employer also contributes 10% to my state retirement account. Last month, I decreased my 401k contribution to 3%. I'm using the money to begin the remodel process in my basement. Once the remodeling is completed, I'll increase it back to 12%.

[Tek_Freek]

About 25%

[trlhiker]

I contribute 15% to my retirement but thats it.

[2goldens]

I save 10% to my savings account.

[DocGSD]

My employer contributes 9% to my retirement plan and I contribute the same. If you put more money in your retirement than your employer does, IMHO you are not investing to the best of your ability. I also contribute about 18% to a money market (makes much better intrest than a savings account, but just less than a CD). I then contribute just less than 4% to an IRA). In todays world, you really need to plan for the future. I would really really suggest you read "Total money makeover" by Dave Ramsey. He will open your eyes to eliminating debt and maximizing logical spending power. Its a great book.

[motormaker]

Ha, being retired, I'm now getting to spend it.

[SeekerNJax]

7% myself and then a 7% employer match. Plus a little extra in a high interest savings account.