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like i said earlier ,you are only going to get those replying for the most part who are active savers and have the money to save.
it is like fidelity released a study the other day .
Feb 14 (Reuters) - U.S. workers who stayed put in the same company 401(k) plan for the past decade saw the size of their accounts quadruple to an average of nearly $200,000, despite major stock market turmoil, Fidelity Investments said on Thursday
that is a quite a different story then the 60k average retirement account you hear about,.
Agreed. Millions of people don't save anything or a very small amount. I can barely save $100 a month.
The people who see this thread and save are probably looking at their 401k's and trying to stretch every penny just to say "we save 3k a month". Were humans....exaggerating is quite normal especially when it comes to money.
However saving 150k a year please. If he was making that kind of money why is he surfing these fourms.
I smell bs on that one
Quote:
Originally Posted by packer43064
Lol
Agreed. How much does this person make to save between 125-150k per year.
I don't know anyone who saves half of their salary...perhaps a third. So does the poster make 375k- 450k household income minimum. I also call BS.
Are you the CEO of a Fortune 500? If not BS.
Just did some calculations. Even at saving 125k a year for 35 years. He is 30 so let's say he retires at 65.
That is 4.3 million! Let alone the fact that your money is going to grow in a 401k! That is a low estimate too.
BS
I'll tell you this, I find myself blessed.... but I have a tough and stressful job.
ER physician and my wife is a pharmacist.
Combined we make approx $420/yr not counting 401K contribution from my company of approx $40K/yr. Had she been full time, we'd hit close to $480/yr.
At 420/yr, we probably net approx $22-24/mo. Our expenses including cars and student loans and insurance including life and disability and vacations and gifts and food are approx $9.5K (not including apt rent or upcoming mortgage).
So, add that up and you will see how I got my numbers, there is no overbloating with this one.
Like I said, I paid my dues, and I have a very stressful job.
Btw, we have a flaw... since we started late, we have really minimal assets. So maybe in 5 years, we'll be much better off... hopefully our lucky streak continues.
Yeah, there are a bunch of people on here who say they are saving more each month than my husband and I make, combined. We net about $4k/month. Of that, we save/invest around $1800-$1900 each month, on average.
$832 to fund 2 Roth IRAs each month (haven't upped it for 2013's increased limit yet, so will make a $500 extra investment in each account this year sometime, which is about what I"ll be getting back in taxes, so I'll be a net zero there).
Another $100 or so in hubby's 401k each month.
Hubby and I increase our bank savings by around $900/month as well
I'll tell you this, I find myself blessed.... but I have a tough and stressful job.
ER physician and my wife is a pharmacist.
Combined we make approx $420/yr not counting 401K contribution from my company of approx $40K/yr. Had she been full time, we'd hit close to $480/yr.
At 420/yr, we probably net approx $22-24/mo. Our expenses including cars and student loans and insurance including life and disability and vacations and gifts and food are approx $9.5K (not including apt rent or upcoming mortgage).
So, add that up and you will see how I got my numbers, there is no overbloating with this one.
Like I said, I paid my dues, and I have a very stressful job.
Btw, we have a flaw... since we started late, we have really minimal assets. So maybe in 5 years, we'll be much better off... hopefully our lucky streak continues.
Assuming your not lying or anything....I stand corrected.
Can't blame us though. I don't know anyone who makes even 100k a year let alone over 400k?
So you make 22-24k a month! My GF doesn't make a whole lot more than that in a year.
Good for you though. You get what you make out of life.
I'm almost 34 and married, but I'll just post what I save.
$220 403B
$150 other retirement
$250+ into savings
So I guess that is $620 per month. Wow. That seems like more than I thought. But the $220 is pre-tax.
I make just under 50K per year. I'm trying to bump up my savings amount, while paying down student loans faster. Usuallly ever couple of months I bump up my savings account by $5-10 per month. A lot of months, I also have 'extra' in my checking account, too..which could count as savings.
My hubby does similar on the retirement, but no standard savings.
I'm almost 34 and married, but I'll just post what I save.
$220 403B
$150 other retirement
$250+ into savings
So I guess that is $620 per month. Wow. That seems like more than I thought. But the $220 is pre-tax.
I make just under 50K per year. I'm trying to bump up my savings amount, while paying down student loans faster. Usuallly ever couple of months I bump up my savings account by $5-10 per month. A lot of months, I also have 'extra' in my checking account, too..which could count as savings.
My hubby does similar on the retirement, but no standard savings.
The wife and I are 55. We save approximately 1.2k a month. That would also include a matching from both of our employers. We have 2 pensions not counting SSA to compliment that so our take home pay when retired will be more than we make now.
I am quite impressed with some of the figures people are tossing out there. I like the fact that people are thinking ahead and taking matters into hand. If you don't you could end up like my dad who lives on a minimal SSA. His wife adds about half his to the mix. I know they struggle mightily. I want to make sure I do not end up like that. I also hope that my daughter will not struggle either.
However saving 150k a year please. If he was making that kind of money why is he surfing these fourms.
I smell bs on that one
what should he be doing? banging supermodels and driving around in his ferrari? people who make a lot of money also do the same boring stuff that anyone else does.
im guessing you get a lot of high numbers because 1. this forum probably has more savers than other forums and other americans and 2. people who dont save much probably dont post so only savers are posting.
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My turn
