re: Here's how much money you should have saved at every age

quote:

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We have kids, private school tuition, starting jobs were $30k and $40k, we have car payments, travel, and spend on other "discretionary" stuff. And we're hitting these goals. Only thing not on your list was college debt.

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OK so on $70k...
-20% conservatively for taxes/social security. So -$14k (I'm no tax expert)
-$12k mortgage (if $1000/month)
-$4800 car payments (if combined $400/month)
-$2400 car insurance (if combined $200/month)
-$2000 gas (combined vehicle gas for the year)
-$3600 health ins ($300/month)
-$3600 utilities (if $300/month for internet, tv, electric, sewer, gas)
-$1200 cell (if combined $100/month)

So that puts you at $26400 before you even go to the grocery store or eat. But you say you are "hitting those goals" including the saving 25% of gross in your 20's?

That's another -$17500 so now you're at $8900 left for the year for all groceries, eating out, travel, private school, discretionary spending, EVERYTHING. I just don't see how it's possible. I don't think my numbers used were outrageous either...