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Reply to "I am X years old and have X saved in a retirement fund"
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[quote=Anonymous][quote=Anonymous]Here, I'll give mine so that people won't think everyone here has their acts together: age 39, about $12k saved for retirement. I only just started saving about 1.5 years ago. husband is same age, has about the same amount. he started saving for retirement a long time ago but stopped for a while; is just getting started again. hhi is about $135k, no kids. rent is about $2k per month; student loans are about $600 per month. no pensions. we expect we will be eating cat food in old age, if we can afford cat food.[/quote] You won't. If you can buy a modest home and pay it off before retirement AND save as much as you can, you will be fine. Many people on DCUM are saving for 6 figure incomes in retirement. Almost nobody needs that much.[/quote]
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