Submitted by Peanut-5198 t3_11mti5o in personalfinance
I am 29 years old. I have 45k in retirement accounts. Up until I was 27, my salary was 36k. From 27-29 by salary has changed to 105k. So before my salary changed I was easily on my way to hitting the 1 years salary by 30 rule. I also suspect my salary will increase again before I turn 40.
I feel saving 60k specifically for retirement in the next year is highly unrealistic. I was wondering, how does everyone interpret this rule with regards to salary change? Is there a better system I should be using with regard to saving for retirement? What should my goals be for my 30th bday (end of November)? What should they be for my 40th birthday?
EDIT: I really have a hard time understanding why I get downvoted to 0 for asking financial advice on a personal finance sub. Would love if someone could explain this to me.