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Reply to "50 year olds - how much retirement $ do you have saved?"
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[quote=Anonymous]At age 54, in actual retirement accounts, I have $1.48M. Seven years ago I started a business that has done well and thanks to that, I have another $6.5M in taxable that is earmarked for retirement. So almost $8M in total. I started investing a bit late (about 30) and didn't start maximizing until I was 35. Most of the companies I worked for didn't match, although a couple did (around 6%). If I'd stuck with corporate America I'd be looking at a decent retirement, but striking out on my own made a huge difference. Even within the retirement accounts, almost a third is due to late-in-life SEP-IRA maxing.[/quote]
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