ST Alpha - "I tried a month or so ago to find a way online to calculate how much I should be saving now to retire with $xxxxx per year, and I couldnt" (Reading a Post)

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In response to "I'm freaked out that I'm nowhere NEAR on track with my 401k" by ty97

I tried a month or so ago to find a way online to calculate how much I should be saving now to retire with $xxxxx per year, and I couldnt

Posted by tRuMaN (aka Truman) Oct 20 '17, 08:19

so I have no clue how much I should be putting away.

Responses:

Since I started this job nearly 18 years ago, my father has told me 'max your 401k contributions!'. I've never maxed. - ty97 Oct 20, 08:21 9
- it's 18% up here for the equivalent. Insane idea that I'd have expected to max that. -- nm - Reagen Oct 20, 08:29
- yeah, it's really hard for most people to max out -- nm - decline Oct 20, 08:24
- I have always met the minimum to get full employer matching. But next maxed out personal contributions in a year. -- nm - ty97 Oct 20, 08:23 6
  - right getting every cent from employer matching is a must. -- nm - Beaker Oct 20, 08:28 5
    - Which all but doesn't exist anymore. - Reagen Oct 20, 08:31 3
      - My dad, who retired from my company, retired with a pension and a 401k. I will not have a pension. 401k is my retirement. - ty97 Oct 20, 08:34 2
        
        I will probably have a pension but that's very occupation specific. -- nm - Reagen Oct 20, 08:36 1
        
        I should * my no pension line - ty97 Oct 20, 08:50
    - Yup, I at least heeded that message, even in my mid-20s when I was a financial toddler (from a financial responsibility perspective) -- nm - ty97 Oct 20, 08:29

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