What's your age / 401k balance

[Anonymous]

Anonymous wrote:DH and I are in our 60's. We have a ridiculous amounts in our retirement accounts. The great thing is that when we hit 70.5 and have to take mandatory withdrawals those withdrawals can be directed to charities. No taxes!

If you're in your early 40's and have $500K in retirement accounts you are doing great!

Bless you for thinking of the less fortunate. This sentiment is far too rarely expressed here.

[Anonymous]

55 have 1.4 million in 401k accounts.

[Anonymous]

37 and respectable but less than I want. Am realizing now how far behind you end up if you are in an industry without any company match. 10 yrs with no match and now a new job for 2 yrs with a 7% match -- makes a huge difference.

[Anonymous]

32.. I have 75k in my 401k. Husband is 46 and has about 500k. We definitely feel behind, but this seems reassuring!

[Anonymous]

42 - 460k. I also have a paid off investment property worth 800k that generates about 40k in net income. Ironically, cash is tight on a month to month basis but we are looking good long term.

[Anonymous]

33 / $150K in 401K. This is just me, doesn't include my husbands, which is more than this.

[Anonymous]

Me = 51 and just over $1M
Wife = 50 and $700k

Combination of 401ks, rollover IRAs, and SEP-IRA.

[Anonymous]

52, $1.1 million

[Anonymous]

34 and 300k
DH is37 and I'm guessing he has 200k. I should ask...

[Anonymous]

41 and have $170K, spouse is 42 has about the same. Both in 401(K)s. My company will start matching this year so hopefully can get more aggressive.

[Anonymous]

32 and really behind.
Career wise, I should be able to catch up later; however my concern is with annual max / and the fact that my career doesn't always offer 401k (and the IRA max is much much smaller)

I have been meaning to talk with a financial planner about this.

If anyone cares what my unique profession is, I am a veterinarian.
-I have a rolled over 401k (now IRA) from prior to starting vet school. It has made great gains but I have not added anything since.
-paying off school debt first. Done in 6-8 years.
-often my career is in small business, and they don't always offer 401k. For example my current employer.
-by owning a business later and/or being in demand for a higher salary later, and being out of debt, I will be able to catch up
-but how to do this when I'm subject to a low annual contribution max with an IRA??

[Anonymous]

Good thread...but what your stock/bond mix?

I am a PP age 51 with $1.1M and 85% stock 10% bond 5% cash mix.

Probably too much in stock funds. Plan on retiring at 66.

[Anonymous]

50 with 220k DH is 52 and has 550k.

[Anonymous]

32, $250K in 401k/Roth ira. DH has another $250K.

Then we have another $110K in investments that aren't retirement specific.

[Anonymous]

47 single $650,000 401k/Roth/Ira. Plus small pension. Ran numbers in theory I could cease all future contributions, retire at 64, and not run out of money for 20 plus years. I Am not planning to stop contributing any time soon. But the thought that I could in theory was reasuring.