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Reply to "50 year olds - how much retirement $ do you have saved?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]This board makes me want to cry. DH and I are 45 and 47 and have about 1 million combined in our 401ks (400k/600k). Maxing contributions to 401ks each year plus employer match and $1800 each month to 529s. Feeling very behind. [/quote] You're doing fine. Truly You have 20 years to work and contribute. That million will double before you know it. Chin up. !!![/quote] +1 [b]401k values usually double every 10 years.[/b] You're not behind. DCUM is a bubble. [/quote] rule of 72, time = 72/return% so for 10 years, your return should be 7.2%, might be tough[/quote]
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