How much income percent should i save?

say i make 200K a year. w/ taxes and all it comes down to around 100K...what percent of this 100K would a very smart investor save ...

and is it best to put all the saved money in a vanguard mutual fund?

Normally the rule of thumb is to save at least 10% of your income. However generally high income households need to save more percentage-wise. You should max(15500/each) out your 401k(s) if offered. If you have children saving in a 529 for college is a great idea.

Common wisdom is that you should save 10-15% of your income, more if possible. You should save until you have enough money in "liquid funds" - interest bearing checking accounts, savings accounts or money market funds, to cover 6-12 months of expenses in case of emergency such as illness, loss of job and the like.

Over that you should invest the money for retirment and future goals.

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