Hi I am 61, and will be retiring shortly, my savings rate is approx 23% net income.Havoner wrote: ↑Fri Jul 23, 2021 10:28 pm So lots of different ways of calculating this I am sure but just to keep it consistent would like to hear what people's savings rates are as a percentage of net pay after taxes. Mine averages about 25%-35% depending on bonuses and expenses. Would like to collect some rough data from the group but please feel free to share if there has been a survey or something similar in the past that collects this.
What sort of rate do you normally have?
Has it varied that much over the years or been fairly consistent?
Do you regret having too much of one and not enjoying more or saving too little and wish you had put back more?
My Pretax 457 balance is 64% versus Roth at 33.35% , the remaining account is Inherited IRA and small position in taxable.
Yes some years needed more cash to pay down mortgage.
I am two time homeowner, traveled across the USA eight times by car, I don't regret spending vacation.
I should had done more Roth in my 457 plan, but that is life whatca going to do?
I think I am killing it, total 35 year contributions pretax and Roth combined approx 528K which resulted in portfolio is up to 2.584 million
Saving early in pretax contributed to large pretax balance.