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Reply to "How much do people have saved for retirement?"
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[quote=Anonymous]Current HHI is $200k. We have a house that will be paid off a few years prior to retirement. We are 5 years out. We plan on moving to a lower COL area. Outside of the house, we have about $3m in 401k/IRAs. We plan on pushing SS until 5 years into retirement. We have run the numbers and are comfortable with them. We were able to save to fully pay for our children's colleges (about $40-$45k a year each- one is still there). We will not be donating as much $ to charity, but we will be able to give more time. Our spending is in line with our predicted income. The main reason we have not retired earlier is the unpredictable cost of health care. [/quote]
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