What percentage of your salary do you/ should you invest in 401k? And how did that change with age and experience?

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Save what you can, OP, which will increase over time. Even $50/month is better than nothing. Start somewhere. And don’t worry about comparing yourself to others. Everyone has different salaries, priorities, and expenses. You do you. Wishing good things for you in the future.

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Max it out if you can. At minimum put in what your company matches

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The most you can

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23, 10%, I live alone, so not as much as I’d like.

Max my IRA (500/month) so that takes a lot as well, so essentially 20% (base is 90)

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Thanks c1! I live frugally other than living alone, but that’s a luxury I love.

15% 401k
5% Roth 401k

25 years old at 87k.

I’ll likely start transferring some of that to cash savings soon to put more towards savings for a down payment.

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In retirement you would taxed at lower bracket.

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22 at 80k. I do 6% but that’s just cause accenture doesn’t match till after a year in, so I just put in to have something. I’ll up it once marching kicks in. I do try to save at least 800 a month tho

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Even without the match? My rationale is that rather than putting that money into 401k, I could maybe invest it myself. And also as a someone so young, I kind of value that liquidity to be able to spend haha

Max out - the power of compounding is amazing . You can’t catchup if you start late

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Max out

Max out every year no matter what

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