Keep Your Cash

Tuesday, October 10, 2006

Can you save 32.2 % of your pay for Retirement?

In order to max out my 401K and Roth IRA (15K+4K), I need to save about 32.2% of my pay. My employer only matches if we had a profitable quarter, thus I cannot count on that contribution to lessen my burden. I have never been able to max my 401K, but I am confident that as I grow my financial foundation and salary, it will become easier to max out both of my accounts. What is your percentage?

2 Comments:

  • Thanks to my company's 6% match, I only need to save about 15% of my paycheck to max out my two accounts.

    By Anonymous Anonymous, at 6:26 AM  

  • I would have to save 40%!!! Good Lord,,,, that is not going to happen. At least not yet. I do have a long way to go. I currently save 12%. Yep a long way to go.

    By Blogger Lisa, at 5:44 PM  

Post a Comment

Links to this post:

Create a Link

<< Home