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Reply to "How much do people have saved for retirement?"
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[quote=Anonymous]We followed a very simple approach which for many is hard to do. We always saved one of our salaries as we were able to live just fine on one. So every year we were saving maybe 30-40% of our gross income. We both maxed out 401k’s but the total was still 30-40%. I worked until I was 55 and my husband retired at 60 at which point our retirement and other savings totaled over $5 million. Now it’s almost $8 million which is a stunning number to me because we never made huge salaries. [/quote]
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