I am 30, graduated college in 2011 after 5 years
August 2011 to March 2012 $19 hourly, no benefits. No retirement savings
March 2012 to March 2015 37-45k salary Saved 10.5% of salary to 401k (up to match) $19,742 current account balance from this period
March 2015 to present 60-70k salary Saved 12% to 15% of salary towards 401k $32,764 current balance
And I am currently interviewing for a new job which will be in the high 80s. I’m only at 53k in my retirement accounts despite doing most of what I could. I missed the 1x salary rule at 30 by a pretty big margin and seemingly will do the same with the 2x rule
I only had 30k in student loans too, plus decent employer matching at my jobs (4.5% and 6%), some people are much worse off then me.
Seems to me like this “rule” is borderline only achievable to those who had college paid for or get a high paying job right out of the gate. Any thoughts? How concerned should I be here?
Submitted May 03, 2018 at 08:01AM by roger320 https://ift.tt/2joAR25
