50 year olds - how much retirement $ do you have saved?
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Anonymous
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49 married. My assets:
1m in retirement funds 600k home equity 80k emergency fund 600k in 529 for my two kids Dh’s $$$ are very similar I wanna retire when I’m 62… tick tick tick |
Anonymous
What is stopping you from retiring now? This looks like enough for one person in a couple who has kids' college covered and their partner has about the same $$. I guess you could use a bit more in nonretirement funds to bridge the gap until you're 59 and can access retirement funds without penalties, but who do you think you need to work until you're 62? |
Anonymous
Where do you work to get this $6500/month pension ? |
Anonymous
Administrator in a local school district, $5500 projected state pension + $1000 city pension. |
Anonymous
| 6m exclusion house equity. 49 |
Anonymous
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We are both early 50s. One of us will get a fed pension.
$1.5M in retirement accounts $60K emergency fund $80K other accounts (bonds, CDs) $575K in home equity |
Anonymous
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53 and DH 56, he has pension and will retire at 61.
Retirement assets-$2.5m Non retirement investments-$4.0m Real estate (paid off) -$1.5M College funded for 3 with current unused of $600k, one college senior, one college sophomore, one high school junior |
Anonymous
Clearly someone is poking fun at the ninny who posted this and the ninnies replying to it. |
Anonymous
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DH 49
DW 47 $1.7M in brokerage, retirement 130k in 529 for 11yo 2 homes, no mortgage, combined value $1M No pensions. Would love to RE. |
Anonymous
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My spouse and I are both 55.
3.7m combined in 401ks 42k in Roth IRAs 70k I bonds 270k taxable brokerage account 120k HYSA About 700k total equity in house and cabin. Kids in college covered by 529 accounts. Looking to retire in 3-4 years. |
Anonymous
I need the kids to at least finish college then I will reconsider. I think I don't have enough to bridge the gap until 59. |
Anonymous
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About 650k and I'm 54 years old. Will have my house paid for by the time I retire.
I know I'm poor by DCUM standards but I'll be fine. |
Anonymous
| 52 & 54 yo ... about $1.9M in savings + 1.25M in home equity. About $60K in annual expenses. |
Anonymous
| 50 and 47. About $1.5M in retirement savings. House worth about $1.4M, half of which we owe on a mortgage. DH will receive a small Fed pension - about $30K/year. No kids. No inheritance coming our way - we help out our parents financially. I make pretty good money and DH makes fair money but both of us got a late start in saving because of grad schools, paying off student loans and helping out family. |
Anonymous
| No where near the amount the non-troll/joke posters have listed in this thread. |