Reply to How much do people have saved for retirement?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]DH is early 40s and has 350k, I'm mid 30s and have 500k.  I feel we are a bit behind...[/quote]

Probably better than us, 350k for me (about to turn 40), ~250k for my spouse (mid-40s). Also have almost 200k in home equity. I started investing early but I wasn't able to put much in for a long while - have only had the means to max out my TSP for the last 4-5 years.

I should be getting a federal pension as well, which will help at least.[/quote]

You're not doing all that bad. Think about it: if everything goes to plan, you'll work another 25 years. And the last 15 you can contribute a lot more to 401ks and IRAs. You see people on this board with $3 million, $5 million, heck $7 million in assets. This is the top 1% of America. You don't need 5 million dollars to have an enjoyable retirement. That is, unless your idea of "enjoyable retirement" is skiing in the Alps and spending summers in the Italian countryside, dining out at 5-star restaurants and leaving your kids multi-million dollar trust funds. But I'd imagine that's not how you're living now. If you can pay off your home, you'll have your pension and plenty of retirement savings to live a really nice life. [/quote]

Thanks! I think sometimes I have to remind myself the "normal" here and on sites like Bogleheads is not really representative of how most people live. I've run the numbers and I think we'll be in pretty good shape so long as we keep maxing out accounts.[/quote]

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