How much of your income do you put into your retirement fund(401K, IRA, other)? What age do you plan to retire?

Right now we put away 5% of our income, but that is because we are working on getting out of debt. Later, we hope to put closer to 15 or 20%. I am planning on having enough money to retire at 50 (I'm 22 right now) but I am also hoping that I will be in a career that I enjoy- so I will have the ability to retire, but I don't have to.

As a gift from my parents during high school, they started and initially funded my Roth IRA. Now as I continue school, I deposit whenever I can. The earlier you start, the better your return.

If I had a job with a 401k, I would at the very least, deposit up to my company's matching program. Why throw away free money?

10% of every paycheck goes into my 401(k). My employer matches 100% of the first 5%. Plus my employer contributes an additional 4% into a Pension, in which I'm already fully vested.So a total of 19% of my salary goes into my retirement funds.

I'd like to retire by 55-60 years old (assuming I don't have a heart attack at age 40. :-P ).

10% of my wages go into 401K. I hope to retire around 57-60, unless I can make serious cash doing something other than working for the man.

I set aside as much as my employer will match 100% (which happens to be 3%) - otherwise, you are throwing away free money. I still have a long time to worry about retirement, so I haven't thought much about it yet. Check out some of the calculators at bloomberg.Com - they make it easy to set goals and figure out where you want to end up.

If I retire at 65 I'll have a cool $2.5m to enjoy - already taxed since I'm in a Roth IRA.

I have a 401k retirement plan. I am saving almost 12% of my income. I want to make a world tour after my retirement.

That’s why I need a lot of money and I am saving so much. I am planning to retire at the age of 55.

It is not how much you put away, it is how much it grows when you put it to work. Forget about interest. Anyone offering you interest wants to use your money to get profits for themselves.

What you will need to reach your goals, are profits in the form of Capital Gains and dividends. At your age we were putting away 30%. youtube.com/watch?v=H-h3zwS7YEI.

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