What's your age / 401k balance

[Anonymous]

36 / $300k

[Anonymous]

47 1.8 combined

[Anonymous]

Anonymous wrote:
Me (47):490k

DH (53):870k

I wasted my youth on travel and PhD, so this represents minor sputterings of savings in my 20s and starting in earnest in mid 30s. DH worked longer, but retired early this year.

Retiring at 53 with 870k in retirement? That seems irresponsible.

[Anonymous]

57. $3.173 million in retirement accounts plus $1.543 million in taxable brokerage accounts and $800k in home equity. Retired 4 years ago.

[Anonymous]

Anonymous wrote:

Anonymous wrote:
Me (47):490k

DH (53):870k

I wasted my youth on travel and PhD, so this represents minor sputterings of savings in my 20s and starting in earnest in mid 30s. DH worked longer, but retired early this year.

Retiring at 53 with 870k in retirement? That seems irresponsible.

Why? His wife is still working and she has an additional 490K saved.

[Anonymous]

50 - had some set backs some time ago and had to drain my retirement accounts. But I'm back to saving again.

$12,700

[Anonymous]

40 / $300k.

[Anonymous]

Anonymous wrote:

Anonymous wrote:
Me (47):490k

DH (53):870k

I wasted my youth on travel and PhD, so this represents minor sputterings of savings in my 20s and starting in earnest in mid 30s. DH worked longer, but retired early this year.

Retiring at 53 with 870k in retirement? That seems irresponsible.

PP: Retiring early may have not been the right word. We had some caregiving needs come up that were getting hard to manage and we decided it was best for the family for him to quit work and take on the caregiving as his work was less reliable and mine is very stable. We're able to live/save on my salary alone, so he's not tapping his retirement accounts or other investments until I retire too. He may go back to work if/when caregiving eases up, but his field is hard to re-enter so we "ran the numbers" as if it were retirement just to make sure the decision was responsible. We're naturally frugal and our lives are set up to keep that up without much thought: we have only 1 paid for car that we rarely drive, lucked out in buying a duplex in Arlington that we fixed up and now rent the other half for more than the full mortgage plus taxes/insurance/utilities so we don't have housing costs,are vegetarian and make food from scratch, our kids are in their teens and into activities without a lot of extra costs, dh is handy and does all the home repair/remodeling/outdoor work. We already have 120k saved for each of our 2 kids in their 529 plans and about 150k in additional taxable investments. If it weren't for uncertainties around health insurance--and unanticipated future medical expenses--we could fund our lives based on our investments now. But I have no intention of retiring early--I love my field.

[Anonymous]

Me: 45; DH: 43. Last time we checked (about 2 weeks ago) it was 1.9 M.

[Anonymous]

Anonymous wrote:50

$580,000, plus a $48,000/year pension.

I'm a fed, been there 20 years, current salary $155,000. I've been slow and steady, putting away 5% per year plus the 5% match for the entire 20 years.

Keep at it folks - once you hit about $250,000, compound growth really starts working for you.

I am the very much like you (age 49, salary 160,000, and 20 years in federal government). However, I have $850,000 in my TSP (compared with your $580,000). I have been maxing out (most years) and in the C fund (until recently). I'm guessing that it kind of limited you when you chose to only contribute 5% as opposed to maxing out. And granted, I got lucky with the C fund. Who knows what the stock market will do in the future.

[Anonymous]

36/36: 725k in 401k/Roth; 450k in cash and taxable investments; 100k in 529s, 400k in equity

[Anonymous]

DH 36: $270k
DW 34: $180k

[Anonymous]

Ages 55 and 54. About $300k in IRAs.

[Anonymous]

DH 39: 700k
DW 38: 200k

She's gonna be working while he's chillin

[Anonymous]

We are early 50s, about 850k combined in retirement accounts.