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

Discussion in 'Industry Veterans' started by Anonymous, Nov 5, 2009 at 5:50 PM.

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  1. anonymous

    anonymous Guest

    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.
     

  2. anonymous

    anonymous Guest

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

    anonymous Guest

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

    anonymous Guest

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

    anonymous Guest

    Not enough. Need more to be comfortable.
     
  6. anonymous

    anonymous Guest

    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
     
  7. anonymous

    anonymous Guest

    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.
     
  8. anonymous

    anonymous Guest


    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
     
  9. anonymous

    anonymous Guest

    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
     
  10. anonymous

    anonymous Guest

    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?
     
  11. anonymous

    anonymous Guest

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

    anonymous Guest

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

    anonymous Guest

    Everyone update these numbers!!Ouch!!