Just started my first job out of college. What percent of my income should I put towards retirement? I’m planning to max out my Roth (as I’ll reach the income limit in a few years) then put some in my 401k. My company does not match anything but automatically puts 5% in a profit sharing retirement fund.

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As much as you can afford

likesmart

A good target is putting 15% of your income towards retirement. A lot of 401k plans have an auto increase program as well. So you can start at 10% and every year that amount can increase by 1% or whatever you set it at.

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The more you do now will just pay off down the road. If you can max both your Roth IRA and your 401k right out of college, you will be starting a great path to early retirement

Contribute the max ($20.5k) to your 401k and the max ($6k) to your Roth IRA each year

Roth IRA, Roth 401k.

Max out both if you can afford it.

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