How much do you have saved for retirement & How old are you? Married or Single ?

[Zombie]

let me start

I am 29 and my wife is 28

Our 401k and mutual funds add up to about 75k, We own a house but it is nowhere near paid off so that can't count towards retirement and about 30k in liquid assets.

 

[theNEOone]

23

$2,200 in 401k
$6,000 in savings

...it's a start.


=|

 

[arcenite]

21 - $1

lemme get out of college first

 

[minendo]

Have about 12k in my 401k right now. Just turned 25.

 

[notfred]

Originally posted by: Zombie
let me start

I am 29 and my wife is 28

Our 401k and mutual funds add up to about 75k, We own a house but it is nowhere near paid off so that can't count towards retirement and about 30k in liquid assets.

Good for you?

 

[jlee]

Not enough.

22yo, single.

 

[imported_Trippin315]

26 married to a 25 yr old.

about 2k not including stock or precious metals.
Its a start.

 

[blackangst1]

40, 317,000 and a trust. I started investing at 24.

 

[Zombie]

Originally posted by: notfred

Originally posted by: Zombie
let me start

I am 29 and my wife is 28

Our 401k and mutual funds add up to about 75k, We own a house but it is nowhere near paid off so that can't count towards retirement and about 30k in liquid assets.

Good for you?

I guess it gives you a general idea of where you stand and where you would like to be

 

[Engineer]

37

Married

Savings (all): Not enough

House and one car paid for. Owe about 2 more years on the last car but won't pay it off as savings interest is more than the interest on the loan.

Currently in all out wealth building mode! :Q

Kudos to all you young people who start early!

 

[Mr.IncrediblyBored]

23, single, and somewhere between $1k and $1million.

 

[Ricochet]

401k & stocks add up to $38k. I have $15k in debted to me from family members (which I probably will never see). I feel I'm behind because I haven't put in anything in my 401k in over two years. 32 y/o.

 

[tfinch2]

Originally posted by: KnightBreed
23, single, and somewhere between $1k and $1million.

Same, but I'm 21.

 

[sjetexas]

I am 29, wife 28....just like OP.

Bout 150k in 401ks and IRAs
50k or so savings
Maybe 30k in home equity in a 200k house.
No cc debt, bout 10k in student loans, 15k car note.

 

[Zombie]

Originally posted by: Engineer
37

Not enough

House and one car paid for. Owe about 2 more years on the last car but won't pay it off as savings interest is more than the interest on the loan.

Currently in all out wealth building mode! :Q

Kudos to all you young people who start early!

A paid-off house counts for a lot and we loaned 20k to a family member that we don't expect back.....It will be nice to have it back though

 

[CTrain]

Originally posted by: blackangst1
40, 317,000 and a trust. I started investing at 24.

Ah....you are my exact target at 40.

I figure if I don't get married, I'd be set at 40.
By 40, I'll have my house all paid off.

Figuring I can sell the house tax free for $250K-300K.
Together with other savings, I should easily have $300K++.
If I just put that money away and don't touch it till I'm 65, it will grow to 1.33 mil.

From 40 to 65, I can pretty much work at any odd job just to get by(paying bills, rent, etc..)
If I choose to saving more between 40 and 65, I even have more money by 65.

Of course I don't want to grow old by myself so I will have to get married at some point.

 

[tfinch2]

Originally posted by: CTrain

Originally posted by: blackangst1
40, 317,000 and a trust. I started investing at 24.

Ah....you are my exact target at 40.

I figure if I don't get married, I'd be set at 40.
By 40, I'll have my house all paid off.

Figuring I can sell the house tax free for $250K-300K.
Together with other savings, I should easily have $300K++.
If I just put that money away and don't touch it till I'm 65, it will grow to 1.33 mil.

From 40 to 65, I can pretty much work at any odd job just to get by(paying bills, rent, etc..)
If I choose to saving more between 40 and 65, I even have more money by 65.

Of course I don't want to grow old by myself so I will have to get married at some point.

So you're going to sell your house when you turn 40 to be able to invest ~300k, then live paycheck to paycheck until your 65?

 

[mugs]

Originally posted by: tfinch2

Originally posted by: CTrain

Originally posted by: blackangst1
40, 317,000 and a trust. I started investing at 24.

Ah....you are my exact target at 40.

I figure if I don't get married, I'd be set at 40.
By 40, I'll have my house all paid off.

Figuring I can sell the house tax free for $250K-300K.
Together with other savings, I should easily have $300K++.
If I just put that money away and don't touch it till I'm 65, it will grow to 1.33 mil.

From 40 to 65, I can pretty much work at any odd job just to get by(paying bills, rent, etc..)
If I choose to saving more between 40 and 65, I even have more money by 65.

Of course I don't want to grow old by myself so I will have to get married at some point.

So you're going to sell your house when you turn 40 to be able to invest ~300k, then live paycheck to paycheck until your 65?

I think there are some serious defficiencies to this plan.

 

[mugs]

My answers are 24, and plenty for someone my age.

 

[blackangst1]

Originally posted by: CTrain

Originally posted by: blackangst1
40, 317,000 and a trust. I started investing at 24.

Ah....you are my exact target at 40.

I figure if I don't get married, I'd be set at 40.
By 40, I'll have my house all paid off.

Figuring I can sell the house tax free for $250K-300K.
Together with other savings, I should easily have $300K++.
If I just put that money away and don't touch it till I'm 65, it will grow to 1.33 mil.

From 40 to 65, I can pretty much work at any odd job just to get by(paying bills, rent, etc..)
If I choose to saving more between 40 and 65, I even have more money by 65.

Of course I don't want to grow old by myself so I will have to get married at some point.

I hope you dont think this is enough to retire on...I sure dont...

 

[thepd7]

Originally posted by: blackangst1

Originally posted by: CTrain

Originally posted by: blackangst1
40, 317,000 and a trust. I started investing at 24.

Ah....you are my exact target at 40.

I figure if I don't get married, I'd be set at 40.
By 40, I'll have my house all paid off.

Figuring I can sell the house tax free for $250K-300K.
Together with other savings, I should easily have $300K++.
If I just put that money away and don't touch it till I'm 65, it will grow to 1.33 mil.

From 40 to 65, I can pretty much work at any odd job just to get by(paying bills, rent, etc..)
If I choose to saving more between 40 and 65, I even have more money by 65.

Of course I don't want to grow old by myself so I will have to get married at some point.

I hope you dont think this is enough to retire on...I sure dont...

Can't retire on 1.33 mil? Figure you live till 80 thats about 100k a year with interest on whats left. What kind of lifestyle you lead where you need >100k a year when retired? Say you live in an apartment, drive a car you have paid off or even a mid-range price car, you should be set.

 

[mugs]

Originally posted by: thepd7

Originally posted by: blackangst1

Originally posted by: CTrain

Originally posted by: blackangst1
40, 317,000 and a trust. I started investing at 24.

Ah....you are my exact target at 40.

I figure if I don't get married, I'd be set at 40.
By 40, I'll have my house all paid off.

Figuring I can sell the house tax free for $250K-300K.
Together with other savings, I should easily have $300K++.
If I just put that money away and don't touch it till I'm 65, it will grow to 1.33 mil.

From 40 to 65, I can pretty much work at any odd job just to get by(paying bills, rent, etc..)
If I choose to saving more between 40 and 65, I even have more money by 65.

Of course I don't want to grow old by myself so I will have to get married at some point.

I hope you dont think this is enough to retire on...I sure dont...

Can't retire on 1.33 mil? Figure you live till 80 thats about 100k a year with interest on whats left. What kind of lifestyle you lead where you need >100k a year when retired? Say you live in an apartment, drive a car you have paid off or even a mid-range price car, you should be set.

$1.33 million in 35 years from now dollars. There's a lot of inflation between now and then.

 

[tfinch2]

Originally posted by: mugs

Originally posted by: thepd7

Originally posted by: blackangst1

Originally posted by: CTrain

Originally posted by: blackangst1
40, 317,000 and a trust. I started investing at 24.

Ah....you are my exact target at 40.

I figure if I don't get married, I'd be set at 40.
By 40, I'll have my house all paid off.

Figuring I can sell the house tax free for $250K-300K.
Together with other savings, I should easily have $300K++.
If I just put that money away and don't touch it till I'm 65, it will grow to 1.33 mil.

From 40 to 65, I can pretty much work at any odd job just to get by(paying bills, rent, etc..)
If I choose to saving more between 40 and 65, I even have more money by 65.

Of course I don't want to grow old by myself so I will have to get married at some point.

I hope you dont think this is enough to retire on...I sure dont...

Can't retire on 1.33 mil? Figure you live till 80 thats about 100k a year with interest on whats left. What kind of lifestyle you lead where you need >100k a year when retired? Say you live in an apartment, drive a car you have paid off or even a mid-range price car, you should be set.

$1.33 million in 35 years from now dollars. There's a lot of inflation between now and then.

Yep. 35 years ago salary of 25k a year was a lot. How far will that get you now?

 

[jdub1107]

25yo
investments and cash ~ 100k
I don't own anything though.
I'm going back to college soon though, so that number is going to drop.

 

[D1gger]

46

Real Estate Holdings $950,000 - no mortgages
RRSPs (Canadian version of 401k) - $500,000
Other Investments $80,000
Ownership in Company $360,000

Net Worth $1,890,000.

I'm looking for a little better than $2m when I retire.

Edited: to add that I am married with two kids.