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The share of your pay you direct into retirement accounts each month.
Your retirement savings rate is the percentage of gross income you contribute to retirement accounts — 401(k), IRA, and the like — including any employer match. A common target is around 15% of gross pay, started as early as possible so compounding has decades to work.
Contributing $900 a month on $6,000 of gross pay is a 15% retirement savings rate.
Educational disclaimer: All content on WealthSerene.com is for educational purposes only and does not constitute investment advice. Projections and calculations are illustrative — actual results will vary based on market conditions, your specific situation, and many factors outside this tool’s scope. Always consult a qualified financial professional for advice specific to your situation. View full disclosures →