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re: How old are you and how much goes toward your retirement each month?
Posted on 12/11/21 at 9:09 am to TDsngumbo
Posted on 12/11/21 at 9:09 am to TDsngumbo
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.
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.
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