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Reply to "Do I Need to Save More for Retirement?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]You are correct, you are well ahead, unless you've set an objective to retire very early.[/quote] The benchmark is 3x HHI by 40. OP is at 3x HHI at 44. How do you figure he's "well ahead"?[/quote] You are aware that OP has $1.3M+ in retirement and brokerage and is in their mid 40s right? You are aware that S&P historically doubles every 7 years? OP is on track for $3.2M by age 60 and $5M+ by 65 if they don’t contribute a single penny after today. That doesn’t even include SS, which would probably be around $7,000-$8,000 a month for a couple if they waited until 70 to start withdrawing. How is $5M at 65, without even touching a $7k+ monthly SS distribution, not exceptional for a couple by any standard, not some weird standard that you made up that only 1% of the population can meet?[/quote]
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