Savings Rate Milestone

[Lochi21]

My family (wife & son) and I hit an all-time monthly savings rate high of 74.6% this past month.  I'm calling it 75%!  This has always been a goal of ours since we started the MMM lifestyle many years ago - which has seen us pay of our mortgage early, fully fund our son's college education, invest over 600K for retirement and allow me to leave a high stress job - all before the age of 50.  It's truly amazing how the application of a few key MMM principles can completely transform your financial future.

Anyway, I wanted to share our savings rate badassity.  In a forum and with people who truly appreciate the discipline it takes to achieve such a milestone.

Good luck to you all on your own personal financial endeavors.

[thesis]

Awesome! 70% and above is great, oddly common on the forums but still very rare and a huge milestone to celebrate :)

[meandmyfamily]

Awesome!

[Retireatee1]

Are we talking 75% of gross income?  Very impressive either way.

[cincystache]

That's fantastic, we've been cruising at about 46% of gross the past couple years, 75% is crushing it.

[FIREstache]

I never track monthly savings rates because some of my highest bills such as property tax are only twice a year, so I try to calculate the average based on a calendar year.

On a yearly basis in recent years, I have had a savings rate of 70% to 85% of my take home pay each year, including my and my employer's contributions to my retirement plan.

[CMC8310]

Great results......I struggled to get to above 70% without tipping the work / life / balance too far for my liking. When are you planning on hitting FIRE?