So do you count take home pay and pre-tax 401(k) contributions?
Example:
Gross: $5000/month
401(k): $1450/month
Net / Take Home: $2520/month
Taxable Savings: $550/month
Total Income: $3970 / month
Savings: $2000/month (401k + additional savings)
Percentage: 50.4%
And then, when aiming for your target total investable assets, so you apply some kind of deduction on pre-tax retirement funds? Or do you basically ignore tax because MMM folk will likely make withdrawals in the $25-40k range, annually, and be taxed relatively little?
Example:
401k: $300,000
Investments: $200,000
Target: $591,000
FIRE Fund: $440,000 (assuming 20% tax on withdrawals)