Well, how much do you have in your 401K and how old are you?

59
401k 2mm
IRA. 150k
Stocks/ETF 300k
Cash 200k
Home equity 500k
Debt on mortgage 250k (loan at 3% so why bother paying it down)
One still in college - no debt, pay cash.

 

59. 300k in mine 400k spouse. Trying to catch up and cash out but it’s very stressful with no pensions

 

Do you pay your bills and buy food with your "happy thoughts"?

 

50. Total wealth about 1.7 in 401,IRA, Houses, Land. In the business 20 yrs. Wish I got in sooner.

 

Not enough. Need more to be comfortable.

 

AGE 54.5, NO KIDS, SINGLE
ROLLOVER OF 401K INTO IRA FROM PREVIOUS JOB $873,000
401K $79,000
STOCKS $73,000
CHECKING ACCT $20,000
RETIREMENT TARGET AGE OF 60

 

Do you have a pension? If not, you probably don't have enough to retire at 60. A 4% SWR of 1 million only gives you about $40k/yr.

 

UPDATED 4/15/19
AGE 55, NO KIDS, SINGLE
IRA BALANCE $935,000
TRUST INHERITANCE $950,000
401K $98,000
STOCKS $79,000
CHECKING ACCT $22,000
RETIREMENT TARGET AGE OF 58

 

51
1,6 in investments/401k
400K in liquid assets
Pension 800K

If I stay in CA I will have to work longer. If I live elsewhere I can perhaps retire at 55ish
Single, no kids

 

Even if you related to a lower cost of living area, have you taken into consideration a 4% SWR? Will that throw off enough income? What about covering your healthcare costs prior to Medicare?

 

If you're 51 years old, how can you have a pension of 800K?

 

No, you’ve got plenty go live comfortably, but not lavishly.

 

Everyone update these numbers!!Ouch!!

 

UPDATED 4/15/19
AGE 55, NO KIDS, SINGLE
IRA BALANCE $935,000
TRUST INHERITANCE $950,000
401K $98,000
STOCKS $79,000
CHECKING ACCT $22,000
RETIREMENT TARGET AGE OF 58

UPDATED 6/23/20
AGE 56, NO KIDS, SINGLE
IRA BALANCE $1,071,000
TRUST INHERITANCE $1,373,000
401K $134,000
STOCKS $138,400
CHECKING ACCT $29,000
RETIREMENT TARGET AGE: RETIRED JUNE 2020
(INVESTED IN VOLATILE TECHNOLOGY MUTUAL FUNDS FOR 30 YEARS)

 

Age 63
401k’s. $2,450,000
Cash/stocks/mutual funds $360,000
Zero debt.

 

64 years old
34 years in pharma (3 different companies)
2.6 million in 401Ks
300k in equities
Own home, $350k value
No debt
Hot wife
Good life
Sad this business has become a shit hole...

 

64 years old
2.6 M in total 401k (3 different companies)
300k in equities
Own home: value 350k
No debt
Hot wife
Good life
Sad to see this industry turn to shit, but happy and grateful for the career I have had

 

^
I lied...true about the hot wife, but I have had to spend every dollar I’ve made to keep her. Actually have second mortgage on the house, under water on the Mercedes lease. $150k in 401k @ 62 years of age

 

58 years old:

401 K - 660K
Pension - 1.3MM
CHECKING - Not Much
Liquidity - Not much
Home Equity: 100K

Tired!

 

63 years age, 2.4M in 401K