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Reply to "How much do people have saved for retirement?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP, what's your current HHI, and are you on track to have 25 times that saved by retirement?[/quote] not OP but we will never be able to save that much money for retirement. I guess we will be destitute. [/quote] Can someone explain why it’s 25 times your current hhi? We currently make 350k per year. We have a big house payment, daycare, and lots of other expenses that we definitely don’t plan on having in retirement. There is no way we need that same hhi when we are retired assuming no house payment. Shouldn’t it really be 25 times tour expected yearly expenses, not 25 times your current hhi?[/quote] Youre right. PP mis-stated things. 25x expected expenses.[/quote]
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