Quote:
Originally Posted by Literature
I'm planning on saving 8% for retirement starting off. 6% entirely from my paycheck, 2% from employer. After student loans are paid off, I want to bump it up to 11%.
I don't plan on retiring for another 40+ years, though. It's hard to say that I'm on track.
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Everything you put away early will be huge! If you are putting money away at that rate early in your career you should be all set. I'm currently putting 12% in my 401k, but looking to start putting extra into my roth. I had a late start to my career and a few years that we didn't put anything away. In 10 years I'll have 2 kids in college though and I'll need cars/insurance for them before that. It's going to get really expensive at that point!