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Reply to "People with "regular incomes" what are your savings?"
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[quote=Anonymous]Both 35, total retirement savings (between 401k, TSP for one of us, and an investment account that isn't an IRA because we might use it for a house but is basically retirement savings) around $500k. Our HHI is relatively high now but hasn't always been. OP, don't stress about what anyone else has, but DO start saving whatever you can now. The best thing you have going for you is TIME. Compounding interest is a gift from God but it only works if you start saving what you can now. (Of course, any debts are a part of that picture, so things like student loans should -generally- be paid off before you start devoting huge amounts of your income to retirement savings.)[/quote]
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