How prepared are you for retirement?

[KC Jones]

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.

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!