How much do people save, pre and post tax, including 401k contributions? I’m 2 years out of college, no debt, making 90k a year, saving around 30% pre tax a year, wondering how others think about this

like
Posting as :
works at
You are currently posting as works at

God I’m poor

likefunny

Everyone has to start somewhere. Just make a budget.

like

220k
401k = 18k
Roth IRA = 6k
Brokerage = 84k
Cash savings = 10k

Pre tax saving rate: ~60%

Tier 1 city (NYC or SF equivalent). Shared apt. No car. Eat out twice a month. No debt.

likeuplifting

EYP

As an associate living at home (72):
-7 401k
-3.5 HSA
-6.5 Roth
-10 to emergency

140k:
-19.5 401k
-3.5 HSA
-6.5 Roth
-12 to emergency

like

Maxing out Roth 401k until I’m in a higher tax bracket. Saving 50% after tax until 35. At roughly 100k.

like

I make 87.5

Each year 6% to 401, about 432 each month
10% to espp each pay period, 647 there about each month
2700 to HSA each year
And 2600 per month to savings account

I live at home

funny

Make 122k, save 6% into 401k, and 2k/month after tax

$120k:
- $12k to 401k (+ EY contribution)
- $6k to roth IRA
- $6k to personal brokerage
- $20k+ to savings/checking

$117k save about $3k each month after maxing 401K and IRA.

100k
Per month - 500 in Roth (not including match), 800 in ESPP, 700 in actual savings
~25% of pre tax, ~40% after tax

Maxxx it

Mid 20s
95k salary
Current 401k balance: 30,300
Current yearly contributions: 19,000

Previous contribution rates and my salary at the time:
5% - 70k (first job, no match yet)
10% - 70k
10% + 5% match - 70k
10% + 5% match - 72k (yearly raise)
15% + 5% match - 72k
22% + 5% match - 72k
25% + 5% match - 72k
20% + 0% match - 95k (new job)

I bumped up my contributions as I got more comfortable with it. Wish I would’ve maxed out my 401k sooner.

like

122k. Maxing our 401k, Roth IRA, HSA, and ESPP, then an additional $500/m to a traditional brokerage, and $250/m to a savings account.

Make $145 total comp. Save about $75k of that.

Related Posts

Has anyone transitioned from bedside/patient facing healthcare to clinical research? I am looking at making the switch and would appreciate any insight!

Anyone in Southwest Florida know of Healthcare worker relief funds that are legitimate? Fort Myers and the surrounding areas were devastated and many critical workers have lost everything. Hospitals are evacuating and staff are moving away from whatever is left of their homes…please advise

like

I get that PE megafunds carry weight on your resume/for mba apps - would experience at lower/MM funds be brushed over?

like

If biglaw makes so much money, why dont most partners retire at like 50?

like

Hey all ! Need some guidance . I am planning to buy 2bd ,2ba in Atlanta near grant park , Inman park , reynoldstown , cabbage town , OFW area . Budget is 250,000 to 350000. It is more from investment purposes than anything else . Also my thinking is that buying place near belt-line will promise me better returns . First timer, on h1b and a female (single and no family ) if that helps . Need some guidance on my thought process and also referral on a real state agent

like

Can someone explain how it possibly makes sense to buy, purely from a financial perspective, in sf right now? I want to, but a 2b mortgage seems like it’s ~$5k in the areas I’m interested in whereas rent for a comparable unit is $2.9-3.5k/month. Have never lived here before so not sure if this is normal or not? Is the covid rental discount that extreme and prices are usually closer to the monthly mortgage amount?

like

Health and benefits sector - how much should I aim for at Mercer for H&B consultant role with 4 YOE in regional brokerage? Washington DC area

like

What are the contents of experience letter when you leave any organization? Does it include mention of maternity leave and continuous 30+ days paid leaves?

like

Hello,
I graduated in June with a dual BSBA in healthcare management and humans resources management/organizational management. I have 12 years experience as a medical assistant. I'm having trouble finding my first job as a healthcare manager. After submitting so many applications and receiving so many rejection emails I've become frustrated. Any advice anyone can give is greatly appreciated.

like

Thinking about having my wife stay home w/ kids. Her job pays 100% of our health benefits today. Curious, are there options for group health insurance through like alumni or other associations? Cont

like

Hello! Does anyone know of any open positions in your company within the Total Rewards realm? Preferably Benefits Specialist/Analyst roles? My preference is remote but I’m open to hybrid options in Atlanta area as well!

like

Would you rather work in shopper or healthcare?

like

"Comprehensive" Big 4 Benefits Comparison. I work at EY and after reading these message boards, I feel like my firm has the worst benefits. I thought it would be interesting to do a comparison...cont

like

Hi all. I am licensed in life, accident and health and am looking for new opportunities. I’ve been working in employee benefits in a small brokerage firm on a book of business of over 400 clients, I’m the only account manager. We’ve had 100% employer retention since I’ve been here. I am a high performer, but not sure I’m valued much at all . I want to reach the top and become partner in my career ; this is why I went to work for a small firm. My boss favors others when I do the most work!!

like

Hey all I have an opportunity to buy a vacation home as a private sale from my parents (they are buying a new house in that area and need to sell the old one), it is waterfront property in NH 10 minutes from Mt Sunappee. I am concerned that making this purchase may make me a little cash poor in the short term, but still manageable. Would it make more sense to rent out the property through a rental company that included insurance and cleaning or to put it on airbnb?

like

Hi everyone!
I was looking to enter the healthcare consulting sector, but have almost no one to guide me towards the same. I am pursuing a Biosciences and Bioengineering degree. Any advices? Thanks!

like

Hi fishes,

Does anyone know about HR Path company. Is it a good company to join as a SuccessFactors Integration Lead ?
How about the work culture, work life balance, compensation and benefits?

Please help out a poor fish trying to move for a better life. @HRPath

like

Curious to know the average raise (% wise) most have earned year over year in healthcare consulting? Ex. No promotion, but strong performance. Thank you in advance!

like

What are the pros/cons of moving from WPP to IPG? I can’t give specifics about which agencies but I’m curious in a general sense about benefits, compensation, career growth, culture, etc.

like

I keep getting contract offers on LinkedIn (think self-employed consultant). The rates seem really good ($120-$150/hr). I have around 5 years exp and a CISSP. I’m highly considering leaving big4 to become a contractor/self-employed consultant. From a risk perspective I’m young and have no kids and low debt.
Anyone did it? Any feedback?

like

More Posts

Hey BNY folks! Can anyone share the hierarchy/ org. structure for Markets Group- Risk and Control at BNY Mellon, Pune office?

like

Forward Message : my team is looking for change manager with 3 plus years experience who can join within 10 days, please ping me if you need reference. Company: Capgemini
Will share more info...

like

There’s a candidate I like who applied to a job posting but he didn’t write a cover letter as indicated on the posting...flag?

like

Anybody looking for open positions in Accenture, dm me

likeupliftinghelpful

Those who have done FETs, when did you start seeing symptoms? Especially those who did a natural cycle.

like

Any advice for somebody at the start of their career (2021 graduate) looking to move away from M&A Integrations work into roles where the work is based around "problem -> hypothesis -> analysis -> conclusion" rather than just putting together the puzzle pieces of a deal in the later stages? Would really appreciate advice on what my options might be in or out of consulting, just not loving how things have been going recently.

like
like

Anyone have ideas for “digital” word work? Any ideas for PreK-8 would be appreciated.

like

This sounds like a crazy question, but if you have 1MM in working capital invested in the markets at 35 and you are looking at spending 150-200k in retirement. 4-5MM target number.

All of my models say you would no longer need save, but just finance your lifestyle until 60. Does that math check out?

like

Is it normal to be offered a job position and have to accept the job within 24 hours — no pay negotiation discussion whatsoever either?

like

In the parking lot, found this truck with two interesting statements. "Congrats on the baby" and "I 💓 crack whores". Hmmm...head scratch...

Post Photo
likefunny

Thoughts on Angelo Gordon( comp. Culture)

like

If you’re a brand manager at Peloton, are you excited about the placement Peloton got in the first episode of the reboot of SATC, or no?

like

Hi can anyone help me out in choosing between Bajaj Finance, Cartesian consulting and MIQ digital for data science role, primarily looking for good work culture and work life balance.

Thanks in advance
Sumanth.
@

like

And finally I can sleep better for 4 days! Happy thanks giving to me! 😊🍺

like

What repayment terms are you selecting? For context - taking out $130k and deciding between 7 year vs 10 year repayment terms. Have about $25k in savings and $14k in stocks

like

How is work life balance in Harman?

like

I recently left a company because I didn’t see eye to eye with management about recruitment. The company I worked for regularly touts its commitment to D&I but in the recruitment process my candidates were routinely exited for having natural hair, being too old, too “urban”, etc. I’m not looking to bitterly blow up their spot but I feel like someone needs to be aware of this. This was done at the higher levels of local leadership and I have no connection with anyone in corporate. What to do?

like

What are some tech companies with a great in-house design + creative culture?

like

Hello, All! I'm looking for recommendations on inspirational content for women leaders. I follow TEDWomen, many podcasts, and the Women's Conference among other sources. I'd love to hear a fresh perspective on business, trends, tech, marketing, equality in the workforce, etc. I'd love to learn something new. I'm at the VP level and have started a couple of companies, so nothing too junior, but open to many topics. Please share any speakers, books, webinars, or events that you may come across.

likesmart

Additional Posts in Consulting

What are acceptable ride/taxi services including personal cab services like Blacklane for associate? Does the rate apply from your home office to the airport or I can expense from my actual house?

like

Has anyone learned python on their own (not in college)?

Have you found uses for it in your daily personal life or side hustle?

like

How do I find a lawyer for some disagreement with a previous employer? Haven't used an attorney before so basically don't know where to start. Thanks!

like

What’s the ultimate career checklist? (Cont.)

like

In March I bought a mobile game to pass the time & I’ve become low key obsessed with it. Like PLEASE...I need someone to TAKE AWAY MY PHONE. Why do I keep spending real money on god damn energy! 😂😂

funnylike

Are there non-FAANG companies with comparable compensation & WLB? It seems impossible to break into FAANG.

likefunny

Has anyone started their own gig on the side or freelanced while still working full time? How did you manage? Really want to take the leap and set up my own shop

like

Are any top consulting firms hiring for experienced analysts currently? I know ACN and some others are cyclical for resources 2-3 years out of college, but I’m looking to make a move sooner than fall

like

I worked on a project with Leap by McKinsey and enjoyed it. It's basically planning and launching digital projects from 0 to 1(strategy to MVP).
What are the best consulting companies doing this type of work?

like

Thoughts on visible tattoos? Visible like something on the forearm, not a face tattoo or anything. I've been toying with the idea of getting one, but don't want to put serious thought into it if it's a def no in the professional environment still. I'm a woman

like

"Don't cry because it's over, smile because it happened."

likeuplifting

Has anyone successfully managed to get rid of lower back pain whilst working from home? I’ve invested in a decent ergonomic chair, try and sit with good posture and have a standing desk which I use for c.1 hour per day. Any other tips?

like

Do you think the next MBA admissions cycle will be more or less competitive? I can see reasons for either...

like

What type of consulting work are the 🐠 with a CPA doing?

like

Wonder what the new name will be for Facebook. Might not be able to call the FAANG anymore, might end up being BAANG....

funnylike

McKinsey & Company McKinsey & Company been working here one year and received pretty positive feedback. Given the expectation for people of my tenure to transition to EM in a year or so, I can’t see myself staying due to the WLB as an EM. I’m 35 and have 2 young kids. Can it even be realistically done? Would love to stay but I don’t see a balance which would keep my family happy. What options do I have from there?

likefunny

Anyone doing work they really don’t enjoy in an environment that is not conducive to be at best? Is it hurting performance?

like

Would you lateral from Guidehouse/Huron/Slalom type firms to Deloitte SC level (MBA)? What about after 2 years at level with expected Manager level promo upcoming?

like

I just want to say this, “Hakuna Matata”

like

Those who have undergone layoffs... Our fallen sisters and brothers... What are the plans now? Would be especially interested in hearing from those not planning to go to another consulting firm.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal