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Reply to "Tell me how much you have saved in your 401K at age 40."
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[quote=Anonymous][quote=Anonymous]I'm math challenged. Is there a simple-ish way to get a sense of how much we will likely have at retirement based on what we have now? If I'm 45 and have $230K saved now. [/quote] What is the 230k invested in now? How much are you adding to the pot each year? If I assume you've invested it all in diversified U.S. stocks, and add $0 additional to it, based on historical performance in 20 years you should have something like $750k-900k in 2017 dollars (ie, the nominal amount will be some bigger number but it'll be worth what 750k-900k is worth today). If you're invested more conservatively, maybe something like $500k-600k is reasonable.[/quote]
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