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'Super savers' make 'sacrifices' to save for retirement

Here's how the super savers of the workforce can put away 90 percent or more of the IRS maximum amount in their 401(k) accounts.

By Marlene Y. Satter | Updated on July 17, 2017
Here's how the super savers of the workforce can put away 90 percent or more of the IRS maximum amount in their 401(k) accounts.(Photo: Shutterstock)

While lots of Americans just can’t stretch the budget far enough to put away money for retirement, there is a group among the general population that’s managing not just to save, but to save way more than the average person who does stash funds for the future.

A CNBC report says that “super savers” are not shelling out for a lot of things in a tradeoff that lets them save more money for retirement. It defines super savers as “Americans who are putting aside at least 90 percent of the annual $18,000 employee contribution limit to their 401(k) plan.”

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