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Reply to "How much do people have saved for retirement?"
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[quote=Anonymous][quote=Anonymous]I always feel that DCUM oversaves I don't get why people need over 100k in retirement. For most people SS almost gets you halfway there. And SS isn't going away, the age might go up and benefits might slightly decrease but most people should be expecting at least 2500 a month if they are working Main point being 1-3 million retirement account fund at age 60-65 is plenty. Some realistic benchmarks 1 million at 55 500k at 45 250k at 35 [/quote] Our HHI is over $400K a year. We are certainly not going to retire if we have to live on 25% of what we currently make. It depends on current income and current and expected lifestyle[/quote]
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