What % of income should you save on top of 401K and HSA? 28, single, ~100k

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As much as you can afford to in order to accumulate wealth. People at different in their wants and needs. I save 25-30% of my take home but have 3 kids. Those that want to retire early are saving > 50%. But there are too many individual factors to provide black and white advice. Do you have student loans, HCOL, spouse, etc

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This flowchart c/o reddit /personalfinance helps with knowing where to start saving.

In terms of percent, we try to stick to around 25% pre-tax. But, it took about 5 years of raises (and putting most of that raise towards savings) to get there.

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Enough so you can reach “your number” by the age YOU want to retire. Figure out your goals. Build the model. Execute

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Do everything you can to reduce your taxable income My wife and I max out both, $18,500 401k x2 and $3,450 HSA. We also contribute $5,500 to a backdoor Roth IRA. Once all that is done, try to put another $1,000 per paycheck into a savings account, which invariably never ends up staying there long enough.
Note: We also have a $1,800 student loan payment each month.

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Lol. The answer is somewhere between 0-100% depending on your circumstances and goals

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Of course the goal is to save as much as possible but that requires trade offs with experiences, etc. No debt but also not a homeowner. Thanks for the input 🐠! This is helpful

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I put 22% in 401k and save an additional 20%... I keep that in a separate, minimum balance savings account

My SO and I both max out our 401ks, then we save an additional 10% of our pretax salaries in emergency/rainy day fund (I.e., if my salary is 100k, we save 10k of that, after taxes, retirement, health insurance are taken out). We already own a home, so no need for additional saving for that, but if we didn’t, we’d probably save a little more for a down payment .

YMMV, but that works for us. Except for the mortgage, we are debt free, so if that seems like too much for you, that’s okay.

Best path to wealth is live frugal as long as possible, keep your monthly costs minimized and save as much as you can and stay debt free.

If you are going to spend money, spend it on assets that accumulate wealth, (e.g., home) vs. those that depreciate wealth, (e.g., cars).

Minimum of 20% of total comp as savings. And then as other say as much more as meets your goals.

Buy a duplex and let the other half pay your mortgage.

@d1 that’s actually my current situation but I’m the half paying the mortgage 😞

Saving 70% 👋🏽

EY1 - yes, and insert after-tax plan after 401k, if one is available and offers in-service or in-plan rollovers. Same for HSA and maybe 529

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