Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Late 40s.
401k/IRA: $2M
Equity in Real Estate: $4M
PV of pensions: $2M+

What is monthly amount for pensions?

For each of us: starting around $8k/month with COLA

16k/month pension? That’s lot more than 2 mil

Anonymous wrote:

Anonymous wrote:Late 40s.
401k/IRA: $2M
Equity in Real Estate: $4M
PV of pensions: $2M+

What is monthly amount for pensions?

For each of us: starting around $8k/month with COLA

Anonymous wrote:$17 million of course but we only eat rice and beans and live in a basement apartment we're soooo far behind - thank goodness we have that inheritance coming one day

That's offensive. The preferred term is "subterranean lair".

Anonymous wrote:Late 40s.
401k/IRA: $2M
Equity in Real Estate: $4M
PV of pensions: $2M+

What is monthly amount for pensions?

Late 40s.
401k/IRA: $2M
Equity in Real Estate: $4M
PV of pensions: $2M+

55, 32 years of full-time work so far.

About $1.8 million in 401k accounts
Another $200k in a taxable account
Pension of about $25k annually starting at age 65
Social Security should be around $35k annually if I take it at full retirement age of 67

Hoping the markets will be kind over the next few years and I can retire by age 62.

I have $500,000. My husband has about $350,000. We have anemic pensions, as well.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:50 is the easiest age to have saved a lot. You missed all the prior crashes

Amazon?

I'm 50 and was a young investor who weathered the dot com crash. Then 08 and the covid "crash". I kept buying through all three and kts actually a beneficial thing to invest in crash time. Best time to buy steak is on sale.

Yes, but you have to have a job and extra capital to invest. Many people lost their jobs and had to spend their capital to stay afloat. Many 50 somethings lost a house in the 2008 crash or at least saw a huge loss of equity--our house was valued at 515k in 2006 and 326k in 2009--it took a long time to climb back up in value. Also, there really was a lost decade of investing--1999 levels weren't that different from 2009 levels. If you didn't have capital to invest in 2009--which many people didn't or at least not much--you could have losses after buying a house and investing for your whole adulthood.

Hmmm. I bought a house in 2003. In 2009 it was still worth more than 2003. When I sold it in 2019 it was worth 400% more than I paid.

Our stock investments have soared since about 2012. Some are up 600 percent.

Late 50's.

DH: $1.15M IRA + 401K
DH: $100K vested and unvested RSU's
DW: $500K IRA + 401K
Home Equity: $1.7M, as of today

48 years old.

I have about $225K in TSP. Account began in 2010 and i took about a year off when I had my child. I separately have $150K invested with Vanguard. I own my home, which is worth about $800K.

I will inherit $$ from my parents who are late 70s but I dont know how much. At minimum their house which is worth about $2M (Philadelphia suburbs).

Anonymous wrote:

Anonymous wrote:50 is the easiest age to have saved a lot. You missed all the prior crashes

Amazon?

I'm 50 and was a young investor who weathered the dot com crash. Then 08 and the covid "crash". I kept buying through all three and kts actually a beneficial thing to invest in crash time. Best time to buy steak is on sale.

Yes, but you have to have a job and extra capital to invest. Many people lost their jobs and had to spend their capital to stay afloat. Many 50 somethings lost a house in the 2008 crash or at least saw a huge loss of equity--our house was valued at 515k in 2006 and 326k in 2009--it took a long time to climb back up in value. Also, there really was a lost decade of investing--1999 levels weren't that different from 2009 levels. If you didn't have capital to invest in 2009--which many people didn't or at least not much--you could have losses after buying a house and investing for your whole adulthood.

Anonymous wrote:50 is the easiest age to have saved a lot. You missed all the prior crashes

Amazon?

I'm 50 and was a young investor who weathered the dot com crash. Then 08 and the covid "crash". I kept buying through all three and kts actually a beneficial thing to invest in crash time. Best time to buy steak is on sale.

Anonymous wrote:

Anonymous wrote:50 is the easiest age to have saved a lot. You missed all the prior crashes

You mean time to recover from the crashes. I'm 52, went through two or three market crashes.

I had 20K from a small inheritance that went away almost entirely in the Tech crash. That would have added up to a lot by now. Instead of still being worth less than it was when I bought it.

Also, lost a lot in the 2008 crash. Who, exactly, generationally had it worse after us?

Anonymous wrote:Retirement age is 70 so 50 plenty of time and RMDs not till 73.

Given 50 is when 401k catch’s ups happen you have 20 years to ramp up the 401k.

Most people never even touch their retirement money principal other than RMDs.

you have *upto* 20 years. 50s and later is also when layoffs happen and getting re-hired is not that easy, especially not at the same level. So don't count on it.

52 and DH is 65. I have about 250k in a TSP, about 100k in a savings account/CDs, and about 300k invested (Etrade). The Etrade account was inherited. Husband has substantially more than that (again, some inherited), plus a fed pension coming to him (and he's SES). I don't know exact numbers on what he has but he always says "If I die, you are rich." His definition of rich, however, isn't actually rich. Not for the DMV anyway -- and to me, rich is I can do whatever I want, and it wouldn't be that much. But enough. Definitely enough. Oh, and our house has appreciated by almost 300k since we bought it. So there's that, too. No kids, so that makes things so much easier.