What's your age / 401k balance

[Anonymous]

I recently one million in my 401k alone. To be honest it is pretty easy to get to one million if you are talking husband and wife combined but on your own takes awhile

Right now have four 401k. Three prior jobs never rolled over and my current job.

Job 1 - 250k
Job 2 - 250k
Job 3 - 650k
Job 4 - 100k

My wife had one job and is a SAHM but her old 401k is 450k

I have a small pension around 100k and so does wife 100k both cash balances.

I paid off first home, paid off second home which I still have and my third home have around 800k equity and a 550k mortgage.

I have around 1.8 million in my bank and brokerage accounts.

I am mid 50s and for this area lower middle class.

Luckily I work as I got a lot of college tuition to pay next ten years.

I can't afford to retire till 67. Hopefully I won't end up a single digit millionaire in retirement.

[Anonymous]

Anonymous wrote:I recently one million in my 401k alone. To be honest it is pretty easy to get to one million if you are talking husband and wife combined but on your own takes awhile

Right now have four 401k. Three prior jobs never rolled over and my current job.

Job 1 - 250k
Job 2 - 250k
Job 3 - 650k
Job 4 - 100k

My wife had one job and is a SAHM but her old 401k is 450k

I have a small pension around 100k and so does wife 100k both cash balances.

I paid off first home, paid off second home which I still have and my third home have around 800k equity and a 550k mortgage.

I have around 1.8 million in my bank and brokerage accounts.

I am mid 50s and for this area lower middle class.

Luckily I work as I got a lot of college tuition to pay next ten years.

I can't afford to retire till 67. Hopefully I won't end up a single digit millionaire in retirement.

Huh? I can't tell if this is sarcasm? If not, are all your investments in cash? The math doesn't add up.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I recently one million in my 401k alone. To be honest it is pretty easy to get to one million if you are talking husband and wife combined but on your own takes awhile

Right now have four 401k. Three prior jobs never rolled over and my current job.

Job 1 - 250k
Job 2 - 250k
Job 3 - 650k
Job 4 - 100k

My wife had one job and is a SAHM but her old 401k is 450k

I have a small pension around 100k and so does wife 100k both cash balances.

I paid off first home, paid off second home which I still have and my third home have around 800k equity and a 550k mortgage.

I have around 1.8 million in my bank and brokerage accounts.

I am mid 50s and for this area lower middle class.

Luckily I work as I got a lot of college tuition to pay next ten years.

I can't afford to retire till 67. Hopefully I won't end up a single digit millionaire in retirement.

Huh? I can't tell if this is sarcasm? If not, are all your investments in cash? The math doesn't add up.

I have one kid in college and a second starting in less than two years. Did not save for college. Should have. Current daughter I am on ten Payment plan 4K a month for ten months, when second kid hits 8k a month. By time third kid hits college will be around 8k a month alone as she starts college in eight years

I have a good job so plan on working till 67 otherwise the colleges will chew up my retirement savings.

I have around 250k cash but I have a 100k renovation planning and when two kids in college same time may need the cash.

[Anonymous]

52 a million

[Anonymous]

40, 435k

My parents just retired in their late 60s and keep on saying that they're spending far less than expected, given all of the everyday expenses they had for commuting, dry cleaning, etc. while working, plus a paid off house. I'm not feeling too bad with my current situation given their experience.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm 35. I have $900k. I'm not sure this is going to be enough. I wish I had more at this point in my career.

Is this a troll?

yep

Could be true.

That is 14 years in. Did the max 100 percent equites in a place with a 8 percent match would be at 900k

They have close to a million in their 401k at 35 and worried it won’t be enough- definite troll.

[Anonymous]

30 / 45K

no contributions during grad school

[Anonymous]

Anonymous wrote:40, 435k

My parents just retired in their late 60s and keep on saying that they're spending far less than expected, given all of the everyday expenses they had for commuting, dry cleaning, etc. while working, plus a paid off house. I'm not feeling too bad with my current situation given their experience.

My parents are also in their late 60's but they are spending a lot more than they did when working. Very nice international travel and other leisure activities really adds up. All power to them as they earned it and they are very generous with their kids and grandkids.

[Anonymous]

Anonymous wrote:

Anonymous wrote:40, 435k

My parents just retired in their late 60s and keep on saying that they're spending far less than expected, given all of the everyday expenses they had for commuting, dry cleaning, etc. while working, plus a paid off house. I'm not feeling too bad with my current situation given their experience.

My parents are also in their late 60's but they are spending a lot more than they did when working. Very nice international travel and other leisure activities really adds up. All power to them as they earned it and they are very generous with their kids and grandkids.

I think this depends on the age a couple has kids and how significantly they saved for college.. Some families in dc are spending almost everything on their mortgage, savings, tuition and college savings. They won’t have ANY of those expenses in retirement. We only spend 20 percent of our income on things besides our mortgage, brokerage, 529s, etc.