<prompt> Human: I have been working for 4 months making 57Kyear and I have almost 10,000 saved up. I have a car that is working really well and hasnt had any problems and my rent is 650month. I really dont have many expenses because I am still on my parents phoneinsurance plan and was wondering if it would be smart to put 5,000 or so into a CD for 1 year18 months because I wont really need that money. My girlfriend has another year in school and we both agree that we dont want to get engaged until after college. Im just wondering if saving that much money is smart at this point. Im 23 btwEDIT: Thanks for all of the input guysAssistant: Buying an expensive ring is not smart IMO.Human: I agree. Assistant: Open up an IRA if you havent and throw the money in there.Human: I am putting 6 into my 401K because my company matches 50 of 6 you put in.Assistant: Thats good, but if you can you want to be saving 15-20 of your income. Human: You think I should put 20 of my income in my 401K?  <response>: 15-20 yes... That includes your company match though. 20 is the high end, you should be fine at 15.The earlier you get started, the lower that percent can be. At 23, 10-15 should be good 