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[quote=Anonymous]I think I had maybe 25k at 34. I did a phd in humanities d so was not earning for most of my 20s and did not enter a lucrative field.  I work in non profit and my highest salary has been 150k. DH's salary hit 200k only recently. So

I am 54 and I now have about 1.4m in my own 401k. DH has a bit more. For a long time, we contributed up to the match or just a bit more. Once our salaries started going up and daycare costs down,etc, we maxed to irs limit and have taken the over 50 catch up.  Its hard not to freak out, but it does happen. Between our projected 401k balance in about 8 years, plus assuming we will get something from ss, we should be fine, projected to have cumulative 5.7 m in 8 years (I hope to retire at 62, DH at 67) as long as market does reasonably well (7%) and we continue to contribute the max for the next 8 years.

The other thing is that how much you need depends so much on how much you spend: will you continue to have a large mortgage, health care, send kids to private college, etc. [/quote]

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