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Reply to "How much do people have saved for retirement?"
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[quote=Anonymous]OP, we are 55 and 57. We each have about $1.5 million for retirement in our main savings plans (TSP/401k) plus another $300K in IRAs (we're old, we started these before ROTH came along). One of us is retiring next year, which is okay because there is a pension involved, and the other will keep working. The key is looking at how many multiples of HHI you have saved. I think the rough rule of thumb is that you need 10 times your annual income (or expenses, if you can ascertain them with accuracy) when you retire at 65.[/quote]
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