If you do nothing else, you don’t withdraw any of that money, and returns are normal, in 20 years, roughly, you will have around 5M in 401K, 1M in brokerage, and a paid off house?

What other income sources will you have?

What other expenses will you have, such as college?

How do you want to spend your retirement?

It is clear you will have your house and you will be able to afford more than basic expenses. The question is what do you want to have then or what does retirement look like for you.?

I have been touring independent living facilities for my mother who is in her 80s. It will probably be about 10K/month for a 1 bedroom apartment at a nice place and if she needs memory care at some point it is going to cost around $15K/month.

The point is this stuff is not cheap and the price will go up.

Anonymous wrote:Age 44, HHI $290k, $1.2M in 401k, $250,000 in brokerage, $500,000 equity in house with 20 years left on mortgage.

I think we could maybe ease off retirement and enjoy ourselves more rather than driving around 20 year old used cars.

well you only have 1/2 of that in divorce. And depends on amount of kids. 1.2 million could just be college tuition in ten years for three kids. .

Anonymous wrote:Mid 40s and 1.5 NW (excluding home) is nothing to brag about. I'd try to save it aggressively. I actually think you are somewhat behind.

+1, and I wouldn't count equity in your home as retirement savings (just my opinion).

Try asking ChatGPT

Mid 40s and 1.5 NW (excluding home) is nothing to brag about. I'd try to save it aggressively. I actually think you are somewhat behind.

Valuations are really high now, so 1.5 mil isn't the same as it was 5 years ago. How much money you have doesn't tell the whole story. But like others have said, nobody knows if you have enough because you didn't state your goals.

Anonymous wrote:Make hay while the sun shines. You don't know if you'll still have your jobs in a year or 10. I would save a lot more in your brokerage account, as $250k is not much for a 44-year-old.

This. We are also 44 and our retirement accounts + taxable is $6M. DH is still working probably another 8-10 years before retiring.

Make hay while the sun shines. You don't know if you'll still have your jobs in a year or 10. I would save a lot more in your brokerage account, as $250k is not much for a 44-year-old.

When do you plan to retire? How stable is your job? Do you have children that you plan to put through college?

You are correct, you are well ahead, unless you've set an objective to retire very early.

The more you “enjoy yourself” the higher your retirement spend will be.

Try Firecalc.

Anonymous wrote:That depends.

You need to list your assumptions about rate of return, expected retirement age, life expectency, additional retirement income (pensions, Social Security, etc.), the percentage of current income that you will need in retirement, and whether you consider the home equity and/or brokerage account to be part of your retirement savings.

+1. Depending on when you are retiring and what your expenses are you are either done already or nowhere near close.

I thought this post would ask whether retirement savings need to be increased. But you are asking whether you can *stop* saving, or at a minimum, decrease the amounts you save?

Is it possible that will work out? Yes. Is it incredibly risky? Also yes.

That depends.

You need to list your assumptions about rate of return, expected retirement age, life expectency, additional retirement income (pensions, Social Security, etc.), the percentage of current income that you will need in retirement, and whether you consider the home equity and/or brokerage account to be part of your retirement savings.

Age 44, HHI $290k, $1.2M in 401k, $250,000 in brokerage, $500,000 equity in house with 20 years left on mortgage.

I think we could maybe ease off retirement and enjoy ourselves more rather than driving around 20 year old used cars.