Current Events > How much do you have saved for retirement?

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Vol2tex
07/24/18 2:52:59 PM
#1:


I have $14,000 in an I.R.A. and about $68,000 in savings. I should move more of it to the I.R.A.
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K181
07/24/18 2:53:40 PM
#2:


Enough that people would assume I'm lying or humble-bragging.
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MysteryMan923
07/24/18 2:54:03 PM
#3:


You put $68k in a bank getting almost zero interest on it?
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Lost_All_Senses
07/24/18 2:54:05 PM
#4:


About tree...nothing actually
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KILBOTz
07/24/18 2:55:09 PM
#5:


K181 posted...
Enough that people would assume I'm lying or humble-bragging.


that. well into 6 figures.
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lww99
07/24/18 2:55:29 PM
#6:


About to be 28, and I have virtually no savings yet. I mean I bought a house which is cool, but no savings or safety net.
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Veggeta X
07/24/18 2:55:55 PM
#7:


About 20k but really that's nothing because I'm tryna buy a house too.
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ProudlyHated74
07/24/18 2:56:52 PM
#8:


None. Im 20 and not thinking about retirement at all. I do have 33k in savings though.
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Lost_All_Senses
07/24/18 2:58:23 PM
#9:


lww99 posted...
About to be 28, and I have virtually no savings yet. I mean I bought a house which is cool, but no savings or safety net.


Im 28 and all I got is a house with no safety net too. My dad bought the house for me, I just had to get it fixed up. It was only like 10k in an auction. Im comfortable tho. Most people around me are fucking up just paying rent places.
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VandorLee
07/24/18 2:58:25 PM
#10:


But are you going to hell?

Id be more concerned about that.

Go get right with Jesus.
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smoke_break
07/24/18 3:00:08 PM
#11:


Lost_All_Senses posted...
lww99 posted...
About to be 28, and I have virtually no savings yet. I mean I bought a house which is cool, but no savings or safety net.


Im 28 and all I got is a house with no safety net too. My dad bought the house for me, I just had to get it fixed up. It was only like 10k in an auction. Im comfortable tho. Most people around me are fucking up just paying rent places.

That's pretty cool tbh, 28 with your own house. I'll probably be renting forever.
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Lost_All_Senses
07/24/18 3:02:47 PM
#12:


smoke_break posted...
Lost_All_Senses posted...
lww99 posted...
About to be 28, and I have virtually no savings yet. I mean I bought a house which is cool, but no savings or safety net.


Im 28 and all I got is a house with no safety net too. My dad bought the house for me, I just had to get it fixed up. It was only like 10k in an auction. Im comfortable tho. Most people around me are fucking up just paying rent places.

That's pretty cool tbh, 28 with your own house. I'll probably be renting forever.


Yeah. Im really thankful. Right now my sister and 2 nieces are living with me which is really up and down depending on moods of both parties. Shes fixing up another house my dad bought for herself. It's been like a year tho >_>. I lived alone for years prior so it was quite a hard transition for me to get use to. /Off topic
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Vol2tex
07/24/18 3:05:24 PM
#13:


ProudlyHated74 posted...
None. Im 20 and not thinking about retirement at all. I do have 33k in savings though.


Wow! I had maybe $500 at age 20.
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Master_Bass
07/24/18 3:08:50 PM
#14:


About 55K in my 401K. I'm 27.
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foreverzero212
07/24/18 3:10:39 PM
#15:


wtf I thought you were a starving artist tc
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Muffinz0rz
07/24/18 3:11:08 PM
#16:


Not enough
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The Top Crusader
07/24/18 3:11:47 PM
#17:


Like $400 or so. I'm good.
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Vol2tex
07/24/18 3:12:41 PM
#18:


foreverzero212 posted...
wtf I thought you were a starving artist tc


Nah, I do art on the side. Having this much money enables me access to a wider variety of models though, so I may have an edge over some other artists in that sense.
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cmiller4642
07/24/18 3:15:30 PM
#19:


You aren't going to retire anyway so what's the point?
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SSJCAT
07/24/18 3:15:52 PM
#20:


$0.00
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#21
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catboy0_0
07/24/18 3:18:40 PM
#22:


lol. I'm already too retired to read OP
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spanky1
07/24/18 3:19:26 PM
#23:


About 60K in my 401K and about 10K in my regular bank account, in my 30s.

I feel like I'm waaayyyy behind and I'm gonna be destitute when I'm old.
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Vol2tex
07/24/18 3:20:37 PM
#24:


cmiller4642 posted...
You aren't going to retire anyway so what's the point?


Well it depends. If I can actually make a career out of art, artists typically work until death. Daniel Greene is 84 and still makes good paintings like this:

FXmxTZk
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DifferentialEquation
07/24/18 3:23:02 PM
#25:


Not enough, but I am now making the maximum allowed contributions to both my 401k and IRA.
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spanky1
07/24/18 3:42:19 PM
#26:


I should get an IRA.
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clearaflagrantj
07/24/18 3:51:09 PM
#27:


Cash: $5400
Roth IRA: $14,200
SIMPLE IRA: $25,700
HSA: $10,500

$55,800 from the above accounts at age 27, but I also have taxable investments and crypto assets. If I lost all of my investments and never saved another dime that $55,800 would grow to roughly $900,000 after adjusting for inflation within 42 years, which would allow a 4% SWR to cover my living expenses, i.e. I have a guaranteed retirement at age 69. My goal is to lower that retirement age as fast as I can.
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clearaflagrantj
07/24/18 3:52:28 PM
#28:


spanky1 posted...
I should get an IRA.

1. Create a Vanguard account
2. Link your bank account
3. Open up a traditional or roth IRA
4. Invest in a three fund portfolio

Google Vanguard three fund portfolio. That's all you got to do.
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Muffinz0rz
07/24/18 3:54:28 PM
#29:


clearaflagrantj posted...
I have a guaranteed retirement at age 69.

Nice
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KBGiantsfan
07/24/18 3:56:47 PM
#30:


For my age um doing well, should be able to retire at 60 as planned
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EndOfDiscOne
07/24/18 3:58:10 PM
#31:


$98k in my 401k at the moment
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emblem boy
07/24/18 3:59:50 PM
#32:


28
About 15k in Roth
About 70k in 401
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tremain07
07/24/18 4:00:46 PM
#33:


0

That's also how much I have now, how much I'll have in the future and how much I grade my life on. A big fat 0. What a waste I am, someone else should have had this life.
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thronedfire2
07/24/18 4:02:04 PM
#34:


lol
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Dark_Spiret
07/24/18 4:06:12 PM
#35:


around 320k for everything.
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iClockwork
07/24/18 4:07:25 PM
#36:


KILBOTz posted...
K181 posted...
Enough that people would assume I'm lying or humble-bragging.


that. well into 6 figures.
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