My wife and I make $170K per year — but we can’t afford to save for retirement. How do we get back on track?

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RegExp("[?&]notifications=1(&|#|$)");"desktop"===y&&i&&b.test(window.location.search)&&(i.checked=!0)};be("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat(Vn)),notifLabel:document.querySelector(".".concat($n))};t.notifDropdown&&ro(e,t)}))}()}};]]>Rebecca HollandTue, Sep 23, 2025, 1:00 PM 7 min readIn today’s America, there are quite a few cities where even a six-figure salary can leave you feeling broke.According to a recent study from LendingTree, in 25 of America’s 100 largest metros, a family of three would need more than a combined $100,000 income to meet basic expenses each month [1]. For example, a family in San Jose with a household income of $100,000 a year would still face a shortfall of $2,207 every month after covering their basic expenses.Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's howDave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here’s what it is and 3 simple steps to fix it ASAPI'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 6 of the easiest ways you can catch up (and fast)Katie and Brad are just two of the many Americans who find themselves in this tough situation. The couple, both 32 years old, earn a combined $170,000 per year while raising their two children in San Francisco — where a family of three that earns more than $100,000 per year is likely to face a $1,804 shortfall every month.Between their rent ($2,500 per month), childcare costs and about $30,000 in combined student loan and credit card debt, Katie and Brad are finding it hard to see beyond the monthly expenses and put money away for their future.Right now they have about $50,000 saved for retirement, but in order to get ahead of their debt, they’ve stopped contributing regularly to their 401(k)s. Meanwhile, the spiralling costs of essentials have also wiped out their emergency fund.Despite these financial challenges, their goal is to save for a down payment on a home and contribute at least 15% of their income each month to their retirement accounts. With this in mind, here are some tips for Katie and Brad — or anyone else who is paid well yet still struggles to get ahead.Despite the fact that they’ve chosen to focus on their debt, couples that are in Katie and Brad’s shoes often wonder about what to work on first: paying down the debt, or prioritizing retirement savings.Turns out Katie and Brad wisely chose debt.While there are multiple schools of thought on which approach is best, one effective way that Katie and Brad could tackle their financial predicament is with Dave Ramsey’s 7 Baby Steps [2]. According to this approach, Katie and Brad should do the following, in order:Save $1,000 in an emergency fund, which they can build on laterUse the debt snowball method to pay down their $30,000 student loan and credit card debtTry to add at least three months’ worth of expenses to their emergency fundBegin investing at least 15% of their household income in retirement savingsSet aside funds for their children’s educationStart saving for a down payment — for existing homeowners, Ramsey recommends paying off the mortgage earlyBuild wealth and give back: Debt-free and living in their own home, Katie and Brad can then look to build wealth and/or give back to charitable causesTerms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,749.50 -3.00 (-0.04%)Dow Futures46,759.00 +35.00 (+0.07%)Nasdaq Futures25,001.75 -1.25 (-0.00%)Russell 2000 Futures2,483.50 +1.60 (+0.06%)VIX16.03 -0.07 (-0.43%)Gold3,816.10 +41.00 (+1.09%)PortfolioSign in to access your portfolioSign inTop gainersMTSR Metsera, Inc. 53.58 +20.26 (+60.80%)DGNX Diginex Limited 17.75 +4.15 (+30.51%)QMMM QMMM Holdings Limited 105.90 +23.06 (+27.84%)GGAL Grupo Financiero Galicia S.A. 32.03 +5.58 (+21.10%)BBAR Banco BBVA Argentina S.A. 9.85 +1.66 (+20.27%)Top losersCOMP Compass, Inc. 7.92 -1.48 (-15.74%)QUBT Quantum Computing Inc. 20.21 -3.06 (-13.15%)OPEN Opendoor Technologies Inc. 8.38 -1.19 (-12.43%)PTRN Pattern Group Inc. 14.00 -1.63 (-10.43%)BMNR Bitmine Immersion Technologies, Inc. 55.10 -6.19 (-10.10%)Most activeNVDA NVIDIA Corporation 183.61 +7.01 (+3.97%)OPEN Opendoor Technologies Inc. 8.38 -1.19 (-12.43%)SNAP Snap Inc. 8.53 +0.37 (+4.53%)PLUG Plug Power Inc. 2.6500 +0.4700 (+21.56%)BBAI BigBear.ai Holdings, Inc. 7.08 +0.23 (+3.36%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersBETR Better Home & Finance Holding Company 49.98 +15.89 (+46.61%)PLUG Plug Power Inc. 2.6500 +0.4700 (+21.56%)RIVN Rivian Automotive, Inc. 15.24 +0.86 (+5.98%)APLD Applied Digital Corporation 24.45 +3.97 (+19.38%)NVDA NVIDIA Corporation 183.61 +7.01 (+3.97%)Top economic events