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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I’m shocked at how much money everyone has saved for retirement! Good for all of you (seriously, not being sarcastic).

We’ll be retired in 8-10 years. As a married couple, we’ll have:

- $100k/year in taxable pensions 
- Maybe $2M in retirement accounts (50% traditional, 50% Roth)
- A paid off house with around $700-900k in equity, depending on the market at retirement. 
- Medicare + FEHB, which is surprisingly expensive

I thought this sounded really well off, but not compared to most of you![/quote]

To generate 100k someone would need $2.5 mil (at a 4% withdrawal rate).  
You likely will get about $60K in Social Security as well.  That's another $1.5 mil.  
You likely have some money in a brokerage as well.

Even if we assume a 6% annuity rate, that's about $2.6mil.  Add in the top notch healthcare, you are golden!  You have far more than most people around here.[/quote] You are missing something with your scenario.  The $2.5 mil has been accumulated in their careers, both tax deferred and taxable accounts.   By itself it is generating interest and dividends.  Those funds are reinvested while working and then if needed in retirement could be tapped.  The 4% withdrawal rate  could be nearly what those funds are earning.  My point is that its important to start early and have different types of accounts for savings.

Especially if you are not receiving a pension, although all workers will receive SS which is an annuity payment.  I started in my mid 20s, bought stocks, mutual funds, and some ETFs.  Build the wealth slowly over time, takes a few decades.   [/quote]

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