Anonymous wrote:

Anonymous wrote:44 and 47
$1.25M 401ks
$170K brokerage
$150K savings
$350K 529s (for three kids, so still saving to do)
$300K home equity (home paid off ~ 14 years)

Dual-earner HHI of around $320K

After 25 years of full-time work and now with three kids, I would love to scale back, but not possible or practical yet! Right now, our goal is for one of us to retire by mid to late 50s and the other early 60s, but we will see how things go.

A man not working in late 50s is unemployed. They usually die within a few years. 100 percent of my uncles who retired early 59-62 dropped dead by 70. My uncles who worked till 70 all are alive and between 86-93.

Men don’t do well retiring early.

I don't know PP. I wouldn't call that living.

Anonymous wrote:

Anonymous wrote:44 and 47
$1.25M 401ks
$170K brokerage
$150K savings
$350K 529s (for three kids, so still saving to do)
$300K home equity (home paid off ~ 14 years)

Dual-earner HHI of around $320K

After 25 years of full-time work and now with three kids, I would love to scale back, but not possible or practical yet! Right now, our goal is for one of us to retire by mid to late 50s and the other early 60s, but we will see how things go.

A man not working in late 50s is unemployed. They usually die within a few years. 100 percent of my uncles who retired early 59-62 dropped dead by 70. My uncles who worked till 70 all are alive and between 86-93.

Men don’t do well retiring early.

do you have statistics to back that up, or just anecdotal stories?

Here's mine:

my father retired at 62 and is still spry and mentally all there at 90. My FIL stopped at 78, and he died at 85, also had alzheimers.

So, any data to backup what you stated?

Each just turned 50:

2.2 in 401k
1.1 in stock
3 pensions between us paying about 100 g per year.
3 million in home equity
1.5 - 2.2 per year in salary but expecting on the lower end for a couple of years at least with econ…

Anonymous wrote:

Anonymous wrote:44 and 47
$1.25M 401ks
$170K brokerage
$150K savings
$350K 529s (for three kids, so still saving to do)
$300K home equity (home paid off ~ 14 years)

Dual-earner HHI of around $320K

After 25 years of full-time work and now with three kids, I would love to scale back, but not possible or practical yet! Right now, our goal is for one of us to retire by mid to late 50s and the other early 60s, but we will see how things go.

A man not working in late 50s is unemployed. They usually die within a few years. 100 percent of my uncles who retired early 59-62 dropped dead by 70. My uncles who worked till 70 all are alive and between 86-93.

Men don’t do well retiring early.

Men who have their whole identity wrapped up in their professional work might not do well with early retirement as they often are really under-developed in other ways. More men in the past were like this but I don't think it applies now. I know lots of early retired men and they seem to be loving their lives and living well. I think it's helpful to have a vision for where you are going with your life not just a desire to leave work. But to say that it doesn't work for men because your uncles couldn't pull it off doesn't make it a universal truth.

Anonymous wrote:

Anonymous wrote:44 and 47
$1.25M 401ks
$170K brokerage
$150K savings
$350K 529s (for three kids, so still saving to do)
$300K home equity (home paid off ~ 14 years)

Dual-earner HHI of around $320K

After 25 years of full-time work and now with three kids, I would love to scale back, but not possible or practical yet! Right now, our goal is for one of us to retire by mid to late 50s and the other early 60s, but we will see how things go.

A man not working in late 50s is unemployed. They usually die within a few years. 100 percent of my uncles who retired early 59-62 dropped dead by 70. My uncles who worked till 70 all are alive and between 86-93.

Men don’t do well retiring early.

That's just slavemaster propaganda to keep men under the yoke. How else would they have employees until they can no longer work? A couple of hundred years ago, people didn't really have a job and there was no concept of retirement. Were they all dropping dead at 20?

Anonymous wrote:

Anonymous wrote:44 and 47
$1.25M 401ks
$170K brokerage
$150K savings
$350K 529s (for three kids, so still saving to do)
$300K home equity (home paid off ~ 14 years)

Dual-earner HHI of around $320K

After 25 years of full-time work and now with three kids, I would love to scale back, but not possible or practical yet! Right now, our goal is for one of us to retire by mid to late 50s and the other early 60s, but we will see how things go.

A man not working in late 50s is unemployed. They usually die within a few years. 100 percent of my uncles who retired early 59-62 dropped dead by 70. My uncles who worked till 70 all are alive and between 86-93.

Men don’t do well retiring early.

Lol ok. And by that I mean you’re just talking out of your behind.

Anonymous wrote:44 and 47
$1.25M 401ks
$170K brokerage
$150K savings
$350K 529s (for three kids, so still saving to do)
$300K home equity (home paid off ~ 14 years)

Dual-earner HHI of around $320K

After 25 years of full-time work and now with three kids, I would love to scale back, but not possible or practical yet! Right now, our goal is for one of us to retire by mid to late 50s and the other early 60s, but we will see how things go.

A man not working in late 50s is unemployed. They usually die within a few years. 100 percent of my uncles who retired early 59-62 dropped dead by 70. My uncles who worked till 70 all are alive and between 86-93.

Men don’t do well retiring early.

49 and 53
$2M in 401ks
$150k in brokerage
$180k left in 529, DC is a junior in private college, will be spent
$870k fully paid house

44 and 47
$1.25M 401ks
$170K brokerage
$150K savings
$350K 529s (for three kids, so still saving to do)
$300K home equity (home paid off ~ 14 years)

Dual-earner HHI of around $320K

After 25 years of full-time work and now with three kids, I would love to scale back, but not possible or practical yet! Right now, our goal is for one of us to retire by mid to late 50s and the other early 60s, but we will see how things go.

I (48) have 900K and 47 year old DH has 700K.

Anonymous wrote:

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.

I am pushing 62. I have no problem getting jobs. In fact as kids older with catch up in 401k starting at 50 and perhaps spouse can rejoin workforce at 55 if she stayed at home then 55-65 you really can increase 401k savings.

I put at 61 not the max but I do 24k in 401k and I get a 24k match. My wife does not work. So I put 48k in 401k. I plan to retire at 70. That is max SS.

To be honest my two brother in laws and brother are kaput, but they have no mojo or kept current.

Mid-50s, the last time I looked, $2.7 in retirement funds and investments. Paid off house is worth around $1.1 million. Have one more child to get through college, and then we are retiring.

49 & 50, combined retirement (401k accounts, IRAs, and investments) is around $3M. Plan to work at least another 10 years.

Anonymous wrote:Actual middle class person here. These numbers are crazy. I’m 41 and have $207K in 401K and like $140k in investments.

Dude. You're 41. When you get to 51, you'll have the kind of money some of these posters are talking about. It grows quickly.

Anonymous wrote:

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

I was talking about the present value (in today's dollar) and it was a conservative estimate.