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Monday, April 9, 2018

Savings Rate for 2017

I've been a little afraid to calculate my savings rate. Mainly because I wish it was higher and I'm afraid of how low the number was. I also struggled with whether to count my pension as part of my savings rate? Would be interested to hear thoughts on this. In the end I did decide to count my pension payments. The logic being it's money that's being invested. I decided not to count the money I saved towards my oldest daughter's 529 plan. I also decided not to count money being set aside for a house.

Given these numbers I was able to come up with a baseline savings rate of 15.9%. This isn't where I want it to be, but it's definitely a good baseline number. Of course if I disregard my pension contributions that number would be much lower.


  1. Congrats on the double digit savings rate Seedling. I think 15.9% is a great number to start and I would include your pension as it's part of your savings rate. Having a high savings rate will help you be able to retire earlier.

    I just started tracking my savings rate this year. Half the battle is just knowing what the number is.

    1. DP,

      Thanks for the comment. With two young children, I'll take it 15.9% for now. I expect it to go up as well. I got a significant raise in August and invested a good chunk of it.


  2. 15.9% is still a great number considering that most families barely save a few thousand dollars each year. Keep up the good work!

  3. Thanks Troy. I'll take it for a baseline savings rate. It's hard with house shopping and daycare. It may get worse in the short term.


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