50 year olds - how much retirement $ do you have saved?

[Anonymous]

52 single
2M in combination of brokerage and retirement accounts
No equity.

[Anonymous]

Not a lot. I have 50k in an ira, I’ll get basic retirement from where I work now. My house will be paid off so no mortgage. I’ll also get $300 per month from my 10 years of service to a volunteer Fire Dept in Loudoun County. Plus social security. I’m not worried, we live in our means now and will do when we are retired.

[Anonymous]

About a million in retirement accounts, $200k equity in house. Our HHI is about $250k now, but was a lot lower until 2020.

[Anonymous]

Combines about 2.5 in TSP + 2 federal pensions GS 14 step 10, 600K in paid off house. 2 more college tuition payments to make.

[Anonymous]

0 savings, but we have a paid off home. Withdrew from the 401k with penalty to pay it off. We couldn't stomach the 2.75% 30 year mortgage.

[Anonymous]

Anonymous wrote:0 savings, but we have a paid off home. Withdrew from the 401k with penalty to pay it off. We couldn't stomach the 2.75% 30 year mortgage.

Bad idea but it's a personal choice.

[Anonymous]

Anonymous wrote:0 savings, but we have a paid off home. Withdrew from the 401k with penalty to pay it off. We couldn't stomach the 2.75% 30 year mortgage.

kidding right? if not, that's one silky smooth bonehead move. nice~~

[Anonymous]

Household savings, me and spouse, age 50 and 53. Combined 1.14M in retirement accts. 60k in liquid savings. Still have mortgage but balance owed is 300k. Estimated value of house is 800k. We are starting to send larger payments to accelerate mortgage.

[Anonymous]

52 and 50. Combined 2MM in retirement accounts. 150K in liquid savings. ~200K in 529 for 1 kid. 600K mortgage remaining on house (estimated worth 1.2M). One pension of 4500/mo (estimated at retirement).

[Anonymous]

DW 49
DH 53

2.2 mil in retirement and brokerage accounts, 800k in home equity, 200k emergency savings. We started making money late in our careers, I will be receiving a pension, $6500/month.

[Anonymous]

Anonymous wrote:0 savings, but we have a paid off home. Withdrew from the 401k with penalty to pay it off. We couldn't stomach the 2.75% 30 year mortgage.

Are you serious? Or is this a joke?

[Anonymous]

Inflation-indexed pensions are worth a ton. Valued at current TIPS yields, an inflation-indexed pension paying $100K/year after tax (in current dollars) starting 15 years from now is worth about $2M today.

[Anonymous]

53/57
About 1.8 m in combined accounts. This is enough for us to live on now (we currently spend about 75k/yr excluding retirement savings and college savings/payments but including mortgage which will be paid off when I retire), so I think we're set. I'm not planning to retire for 10-15 years and DH is a freelancer.

[Anonymous]

Anonymous wrote:Inflation-indexed pensions are worth a ton. Valued at current TIPS yields, an inflation-indexed pension paying $100K/year after tax (in current dollars) starting 15 years from now is worth about $2M today.

100k after tax? so that's like 130-140k before tax?

[Anonymous]

Anonymous wrote:54 single $1.5, 500K equity in $800K home paid off in 8 years

$75K emergency fund … I know too much, need to put it somewhere

I generally made $80K-$150K for govt. from 25-50.

I have a pension

Somewhat similar here.

56, single with kids, $1m, 500k equity in $750k home, won't be paid off in 8 years, though.

$80K emergency fund . . too much but was saving to move

I generally made $80K - $150K from 32-45

I will have a small govt pension but didn't am shy of 20 fed years.