Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "Tell me how much you have saved in your 401K at age 40."
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous][quote=Anonymous]When I was 40 (DH was a few years younger). We had about 200K combined, I had about 10% more than him. 13 and a half years later we have about 1.8M combined, I still have about 10% more than him. We have always maxed and I have started the catch up contributions this year. We are both feds so have the 5% matching. I expect about 15 or so more years of contributions before we retire. I am hoping to be at 5-6M by the time we retire but time will tell.[/quote] Seems like overkill for your needs.[/quote] Not sure how so since I did not mention our needs or wants in retirement. The amount I put away in catch up I put into the TSP Roth and I plan to use that part for our younger child’s college if we need it. We put away about $60K/year in retirement including the catch up and matching. We have a 350K HHI and are not super savers outside retirement, although our only debt is mortgage debt. [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
