What's your age / 401k balance

[Anonymous]

Inspired by the other post re: 401k contributions.

I am definitely behind at 39 and $162k. GS-15 gov't employee.

[Anonymous]

Chiming in before all the other responses make me depressed. I'm 38 and have $170K in my 401K.

[Anonymous]

35 / $107k.

Max out but had a couple of years of unemployment. Never had a match. As a couple we have $300k + my DH's eventual pension, so even though I feel behind I don't feel panicked.

[Anonymous]

This is for DH and I - it's split pretty evenly. 32/33 years old, total of $477K combined in:

(2) 401Ks at current employers: $277K
Rollover Traditional IRA from prior employer: $135K
(2) Roth IRAs: $65K

Market investments outside of tax-advantaged/age-restricted accounts: $110K

Market has been really good the last several years.

[Anonymous]

Anonymous wrote:Chiming in before all the other responses make me depressed. I'm 38 and have $170K in my 401K.

You're doing way better than the vast, vast majority of people. No reason to feel depressed. These threads just attract a disproportionate response.

[Anonymous]

Wow an actual normal people thread for once

36 250k keep saving everyone we will get there

[Anonymous]

30s and zero.

[Anonymous]

Thanks for the reminder to check in with my accounts.

I'm 35 (married, but not including any of DH's assets or joint assets): $128K in 401K, $89K in ROTH IRA

It looks like I need to step up my contributions!

[Anonymous]

Anonymous wrote:Wow an actual normal people thread for once

36 250k keep saving everyone we will get there

You may think you're "normal," but the average household led by a 38 year old has around $67K in retirement savings. So don't get all "I'm just normal people" high-and-mighty, you are much, much better off than average.

https://www.cnbc.com/2017/04/07/how-much-the-average-family-has-saved-for-retirement-at-every-age.html

[Anonymous]

I count my spouse's retirement assets, because if he/she died, I would get it all. Statistically at this point in our marriage, we're more likely to be separated by death than divorce.

[Anonymous]

DH and I are 33.
Total of 401ks and rollover IRAs: $200k, net worth with other investments and house equity puts us at $450k

[Anonymous]

Late 50s, and $500k. (Single.)

Now before DCUMers post that I'm way behind, the median retirement savings for people 55-64 is only $45,000. Unless they are government employees with pensions, I don't know how they plan to live.

https://www.debt.com/edu/personal-finance-statistics/

[Anonymous]

29 and only $60k. Barely making ends meet as it is now, so there is no way I can contribute more.

[Anonymous]

This is actually quite reassuring!

[Anonymous]

Anonymous wrote:Late 50s, and $500k. (Single.)

Now before DCUMers post that I'm way behind, the median retirement savings for people 55-64 is only $45,000. Unless they are government employees with pensions, I don't know how they plan to live.

https://www.debt.com/edu/personal-finance-statistics/

People think they need way more than they do. Controlling expenses is as important as how much you save. While I'm not personally pursuing it, reading the "FIRE" (financial independence, retire early) community on the web has really opened my eyes. I think there are some holes in their long term plans (health care being the biggest), it really makes you chill out and appreciate how much you can do with $500K invested correctly.