Started By
Message

re: How old are you and how much goes toward your retirement each month?

Posted on 12/11/21 at 9:09 am to
Posted by baobabtiger
Member since May 2009
4729 posts
Posted on 12/11/21 at 9:09 am to
I’m 41 years old. Started at 22 putting 6% of my salary and getting matched at $1 for every $3 I put in.
Around 26 years old I upped it to 8% with the same match.
At 32 years old I upped it to 11% and the company increased their match to 50% up to 6%.
At 38 years old I began putting an additional 3% in my ira because I was maxing my 401k.
My wife has been putting in 6% for 13 years with a full company match.
I haven’t don’t as much as some here but I should be able to retire around 57-62 years old. We have been blessed and I am farther along than I thought I’d ever be at this point. Scary to think that some reports have the average 50-55 year old with less than 100k in retirement savings.

During the next decade I’m going to work on passive income with either farm land or rental property. So hopefully I can not touch much of my retirement savings when retired.
first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram