Benchmarking how much I should have saved... right now I’m at 100k across 401k and personal investment accounts and only have a car note for ~10k... 29 years old. Am I far behind?

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If you want to use the Millionaire Next Door formula, your info above along with your annual income is all you need to plug in to it to see if the authors of that book think you are an prodigious, average, or under accumulator of wealth. This is based on the standard of becoming a wealthy millionaire, so it may be a high standard depending on your point of view.

http://www.hughcalc.org/wealth.cgi

If I guessed at you income as a consulting manager, you’re probably going to come out as an under accumulator, but I believe the authors of this formula admit that their formula is challenging for people in their 20s unless they got a head start with some kind of assets when they were young. If you had to pay off significant school loans or something of that sort I’m sure that would be a huge obstacle in this framework as well. I think this line of work with relatively rapidly rising incomes throws off this formula, since it seems to be mostly structured around a steady income level and what you’ve done with it.

But even if it’s a high standard, math is math, and if you wanted to be very wealthy, you have work to do, and would be well suited to save and invest a higher percentage of your income. Fortunately, this line of work has a lot of upward mobility for income, and if you keep your lifestyle in check you would have a lot of opportunity to “catch up”.

I’m 48 and between my wife and I, our household income last year was about 370K. Our net worth is a bit over 2 million, but will probably drop below that as we pay for our kids college, and because I recently left consulting to start a business and my income is going to be drastically lower in the short term. According to the formula, if I used last year’s income I’d be an average accumulator of wealth and would need about 3.6 million to get into the “prodigious accumulator” category. If I used my forecast for this year’s drastically reduced income, I just barely make the prodigious category.

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Man, that's crazy. I'm 25 with $65000 saved and I got UAW (75k income). I thought I was average for that much.

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Depends what you want for your life. What are your goals

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I think his goal is to have a high net worth if that is not abundantly clear.
OP - 401K is only one component. Benchmarking your Net Worth might be a better approach. Keep in mind net worth may mean a lot or not depending on where you live. NY / SFO vs LA vs Chicago vs Atalanta vs Houston etc. So incorporate location also in your comparison.

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You are ahead of the average for sure... I was at 40k at 29.....

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A very simple guide that I’ve seen is (for retirement savings) you’d want to have 1x annual income at 30 and 2x at 35 years old.

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If you don’t have equity in other assets that is incremental to this, I think you are a bit behind. You still have a long time to save, so start socking away more - strive to save >50% take home pay, while maxing out your tax advantaged avenues pre-take home. You’ll be in a good spot before long

So you can do your own math around what you make and what you’d consider retirement savings vs other assets

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