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Reply to "How much do people have saved for retirement?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]God. I will start feeling that we are poor after reading this and we certainly are not. Ok. We have 1 mil in investments. We have a 1/2 million home. We will have a generous pension of 180K, as long as one of us is alive. I will not get social security because I did not work long enough, DH will get approx 3K. Our aim is to live for 30 yrs more after retirement and get our money's worth in pension. [/quote] Assuming it is inflation protected, the 180k pension gets you to about a 4.5 million equivalent. SS is on top of that. And is it 3k a year, or a month? If the latter, you are doing more than fine.[/quote] +1 we don't have a pension, and we have to buy our own insurance because the plan is to retire before 60. But we will hopefully have about $3mil+ in retirement savings, $350K other savings, and $600k+ home equity. It will be enough to retire on. Expense are probably about $120K/yr, including some travel.[/quote]
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