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Money and Finances
Reply to "Tell me how much you have saved in your 401K at age 40."
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[quote=Anonymous][quote=Anonymous]DW 45 $75K in 401K $3k in savings DH 51 $175 in 401K $11K in savings 2 kids, about $20K in a 529 Debt about $20K on credit cards (medical bills killing us), mortgage, 2 cars I'm freaking scared.[/quote] You're not in an optimal spot but you're not as bad off as many. 250k left alone with a 5% growth rate for 18 more yrs gets you to 600k and that's not counting the contributions that you and DH will hopefully make for the next 18 yrs.[/quote]
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