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WorstPapaGamer t1_iyddh8d wrote

Reply to comment by [deleted] in How much % should I contribute to my non-taxable accounts to save for a downpayment? by badboyzpwns

OP already has 100k saved up. OP is looking to save 200-250k over 4-5 years so they would have to save 40k a year.

According to their budget they can save that since take home is 60k - 12 or 17k.

Plus their job definitely pays well depending on How much experience they have.

Overall seems like they live on a great budget in a HCOL area. They’re good with saving. Work in a field where you can get a high salary fairly easily.

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Main-Inflation4945 t1_iye65tf wrote

If their take home is $60k, that means only $5k per month to cover all of their expenses, while also having enough left over to save. I don't see OP saving $200k or even half that in 4 to 5 years as the math simply does not work.

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WorstPapaGamer t1_iye6uic wrote

OP says that their expenses are 12k or 17k (I’m assuming a year) so their expenses per month is roughly 1000-1400 (I don’t know how but that’s the data they’re providing).

That’s the only reason why I said that with this data it sounds like they could save that.

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