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[quote=Anonymous][quote=Anonymous]I'm in my mid-30s and will likely have just my 401k + SS to live off of when I retire one day. How much is a good amount to have in there at this stage? How much do other people have in a 401k by their mid-30s? Thanks![/quote] We had 2X gross salary at that age and we were behind. We are ten years older and have 4X gross salary now. There is a number to strive for - 10X gross salary by retirement? - that a bona fide financial planner can help you with. Everyone's situation varies wildly though - will you or your spouse need to financially support parents or other elderly relatives later in life, or do you think you might inherit money? Are you planning to assist your children with college expenses? What do you foresee your retirement lifestyle to be like - lots of travel and golf, or a more modest lifestyle?[/quote]
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