Any 50yo+ with retirement savings less than $2million?
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Anonymous
| …Not including home and college savings. Just curious after reading the other thread. Thx |
Anonymous
| That's the majority of Americans |
Anonymous
| good lord yes. well under $1M, 60 years old. but will have strong retirement income. |
Anonymous
Pension? |
Anonymous
yeah, how? explain. |
Anonymous
| we have more than 2 but it's combined. |
Anonymous
| Yes, very early 60s with less than that! |
Anonymous
+1 |
Anonymous
90%+ Americans |
Anonymous
| Mid 50's and mine is about $850K. Spouse has about the same plus a pension. You can read the stats on this -- DCUM is a bubble. For most of the US, this is a very high sum saved. |
Anonymous
|
At least HALF of 60 yr olds have about $400K or less.
https://www.synchronybank.com/blog/median-retirement-savings-by-age/ Reality check. |
Anonymous
| Me. I’m 56, single, with about $1.2 in retirement savings. And I think I’m doing pretty well compared to most Americans. DCUM is nothing like mainstream America. |
Anonymous
+1 We have slightly less than $2M in "official retirement saving accounts/401k and IRAs) (the last 2 years have not been helpful). We contribute the max to IRA and to the one working member's 401k (the other hasn't worked in 20+ years for pay). However we have much more saved outside of those accounts. |
Anonymous
Yes, pension. |
Anonymous
| NP here. Family of 4 here that includes 2 kids and two 45 yr old adults. We don't have even 1 million so far. Not including the house. After reading the threads here, I wonder if we should avoid living the after retirement life in DC metro area. |