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Reply to "What is your net worth if you are 55 years of age"
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[quote=Anonymous][quote=Anonymous]Wow, DCUM always surprises me, no idea how it relates to the real average and reality. DH is 56, I am 44. Our HHI is $400k and our NW about $5m, probably $3m in retirement, $500k in equity and the rest in other assets, including 529s for 2 kids. College tuition is already paid for them both. We do 6% of HHI into retirement every year which, with life insurance seems to be plenty for old age according to our projections, but I guess there could always be more.[/quote] I am surprised only 6%. I am 44 (and single). I have always had 20% of my HHI go into retirement. [/quote]
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