Am I saving enough money for retirement?

you probably have more money in savings right now than 80% of Americans and that other 20% are a lot older than you

if you can afford to save more, do it - just don't put it in the bank at 0.25%

invest in stocks, mutual funds, ETF's and make it grow even more

As you assert no longer something approximately your earnings, it incredibly is puzzling to declare how lots you will desire to be saving. 15% is a powerful rule of thumb. you apart from would lump your youngster's college fund, your savings, and your retirement into one variety. those would desire to be 4 separate numbers. a million. Your youngster's training money. 2. Your 3 - 6 month emergency fund. 3. Your savings for short to medium term objectives. 4. Your retirement savings. What you elect is to truly communicate approximately money. this would require the help of a counselor of a few type.

your goal should be to save at minimum 15% of your household income for retirement purposes. it looks like you're saving slightly more than that right now. so you're on track there.

make sure you have 3 to 6 months expenses for emergencies (I have a hang up about money & prefer 6 months expenses or 9 months salary in emergency reserves). contribute 10% of your income to emergency savings until your emergency fund is fully funded & then divert that 10% to investments for wealth building purposes.

No since you only have 32 yrs to accumulate the 3 million you will need for retirement.