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I like this marketwatch calculator better:
http://www.marketwatch.com/retirement/tools/retirement-planning-calculator |
| 34 and 35. About 700k combined in savings, another $600k in home equity. Grows by about $100 to $150k a year now, made up of $30k put into 401k, another $10 or $20k post tax saved, and the rest is usually growth in the base. It's amazing what compound interest can do. I figure if I can continue at that clip for the next 30 years we should be ok. |
What are you invested in? You can't count on it rising approx $100K every year If the stock market goes down. (I do realize over time that these fluctuations even out) |
That's very easy to use. Lots of great information. |
| 34 and $100k |
They have $450K saved - not $550K. It sounds okay for an average family. But if they're now pulling in about $250K per year, they should save more aggressively. Also, poster should know that her DH can play catch-up in the year her turns 50, so if he's 49 now and turning 50 this year, he can do it this year. As a comparison, I am 47 and DH is 48. We live on one salary of $150K and have $900K saved for retirement. We started working right after college, however, which makes a difference. Although, I did stop working to be a SAHM - we also have 3 kids. |
| Awesome defined benefit pension. |
| combined around 250k, both of us are mid-30s. much lower than i would like. i only recently started saving in the last couple years, due to being in grad school, not making a lot when i started out, and saving for a house DP. i hope we can up that by a lot in the next decade. combined HHI of 250k now, and we are both maxing out 401k contributions as well as max backdoor roths. in addition to that, 3k/mo in taxable vanguard accounts (and $500/mo in cash). that is going to go down in several months when our first child is born and we have to pay for childcare. |
| 35 and DH 33. We have about 300K in retirement savings. |
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mid 30's, we have about $150 combined. despite the numbers here, i think that's good.
we were both in grad school until recently; we now have an HHI of ~$150k. |
| 24 and 30 years old, $350k saved, $200k HHI (only the past couple years now). Saving over $100k a year for a very early retirement. |
| Dh 45, me 49 hhi 250 we are at 860k saved not including pretty substantial equity in our house (paid off soon!). We have rather modest ambitions and are comfortable where we are. |
| 39 with $270. DH is 37 with $120. |
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40 with $450,000
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HHI: $220k
Me: 34 - $170k H: 32 - $160k Home equity roughly $400k 529 - $20k for 3 year old Other savings - $60k. (We just drained our savings to put a very large downpayment on a home.) |