Anonymous wrote:54 and 52. 1.8M between us. However we will be working for the next 12-15 years unless health issues make that difficult or impossible.

ageism has kicked in for my 59 yr old DH. Luckily, we have a combined $2.6 in retirement savings alone.

54 and 52. 1.8M between us. However we will be working for the next 12-15 years unless health issues make that difficult or impossible.

Anonymous wrote:NP here. Family of 4 here that includes 2 kids and two 45 yr old adults. We don't have even 1 million so far. Not including the house. After reading the threads here, I wonder if we should avoid living the after retirement life in DC metro area.

Nah. Go somewhere peaceful and beautiful and relaxing. You won’t find any of those in the DC metro area.

single person, $750k saved plus other assets (land, houses). My net worth is probably about $1mil.

I think I might retire anyway and just be poor. Life is too short for this sh*t.

- worked 12 hours today

51 and 52 with combined of $1.2 million.

I’m 48 and have $1.1 million. I doubt it’s going to double in the next 18 months.

Not worried about it though. I’ll also have a pension of $75k a year.

This is hilarious. I'm nowhere saved close to this at all. I'm 53.

As apps have said, thats most people.

Ofcourse less than 2 million, though not 50 yet.
From age 18 to 30 I was an illegal immigrant waiting on tables/tending bar. I couldn't really have a job that offered benefits or retirement. I was lucky to even have a job as I was constantly reminded. Several employers never paid minimum required by law and/or the $2.77 an hour. Shows well in my SS statement.
For years I couldn't go to school, couldn't buy property, couldn't invest. I could only see the opportunities passing by.The only thing I could do was to build my credit as I had my SS since 1996 when I arrived here.
At 30 I got my residency and started college right away. I also bought a condo, and a farm abroad with mortgages ofcourse.
I was going to college and had a kid. An economic downturn and divorce followed shortly after.
My ex never worked and the marriage was short. Nothing to split, just shared the kid.
I had two jobs during economic downturn that cost me more to go to work than to stay home.
From 35-45 I simply continued to work in service industry, but once again, not a single benefit offered besides food, and definitely no retirement.
Sold the two properties several years ago and put the money into market. Nearing one million ca 5 years later. I'm not 50 yet, but should definitely double the money in 5 to 7 years.
Studied finance in college, but never worked using it because second kid followed as I graduated.
Still in service industry part time as I'm not looking to make a career change that late in life. Enjoying managing my portfolio nowadays. Still no retirement besides a fairly small Roth.
I will trade inside of the Roth, but it's nothing compared to my investment account. Not really worried about taxes as I make so little.
I think I'm allergic to 401k and definitely to match.

I’m 61 and a single parent ( although DD is a young adult now) with less than $1 million and it is what it is. No pension either.

Anonymous wrote:

Anonymous wrote:…Not including home and college savings. Just curious after reading the other thread. Thx

90%+ Americans

My guess is it’s actually more like 97%

Anonymous wrote:…Not including home and college savings. Just curious after reading the other thread. Thx

1 person or combined? any pension?
Secured job ?

We are 52 and 55 and have about 1.7 total.

Federal reserve says the average is about $200k saved in all accounts before retirement. Median is much lower.

Are you serious? When I turn 50 I doubt I'll have cracked $200,000 in savings. And I rent. Can't afford to own.

And you know what? Compared to most Americans I'm doing GREAT, because I have no debt.