I would guess it has to do with retiring at age 40 or younger. Many/most work for decades because they have to(in order to support extreme consumption)When working it was around 25% not counting employers 401-K match - so maybe 30%. For 3 decades.
In retirement (since out mid-50's) it is 0%. Or -5% if looking at it from spending from portfolio.
Our inflation-adjusted, after-tax, after savings net income is about the same in retirement (5+ years in) as it was when working.
Very comfortable 6 figures annually. I don't feel like we compromised our financial lifestyles when working or in retirement by over-saving or undersaving. We kind of nailed the balance point.
I don't understand the humongous savings rates. Are you deferring basically everything in life for "later"? Did you start savings way too late?
Did you make poor investment decisions so now you are trying to make up for past mistakes? Are you going to retire at age 40?
Living a good life later doesn't require 60% or whatever savings rates while working unless something odd or unbalanced is going on (IMO).
Statistics: Posted by TravellingTechOnFire — Sun Jun 02, 2024 2:47 am — Replies 138 — Views 10540