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Reply to "People with "regular incomes" what are your savings?"
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[quote=Anonymous]What's your income? Your situation could be OK or very bad depending on how much you're making. I'm 33, my wife is 31, we make about $160K combined with about $140K in retirement and $20K in cash savings. We save ~20% of our income all told when you include employer matching, and I think that's about the bare minimum we can get away with and still have a comfortable (by our standards) retirement. Of course, everybody's needs are different. We plan on staying in DC long term and it's certainly not going to get any cheaper, so we'll need several million saved up by the time we retire. If you plan on moving somewhere cheaper you can get by with a lot less, especially if you own property in DC you can sell when it's time to retire or if TSHTF financially.[/quote]
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