Some young guys probably have no clue what to expect in retirement savings

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Jul 12, 2017
12:38:22pm

garyfan Playmaker

when they are 40, and may be anchoring on the scale in the poll.

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garyfan

Bio page: garyfan
Joined: Sep 19, 2013
Last login: Jun 15, 2024
Total posts: 37,923 (3,889 FO)

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Messages

Author

Time

POLL: How much did you have or how much do you expect to have in retirement savings at age 40?

Dangerous

7/12/17 12:10pm

That scale is pretty low, IMO. $400k at age 40 is middle of the road, not the

cheezedawg

7/12/17 12:35pm

The votes disagree with you.

displacedute

7/12/17 12:37pm

Some young guys probably have no clue what to expect in retirement savings

garyfan

7/12/17 12:38pm

Most planners recommend that by age 40 you have at least 3x your current annual

cheezedawg

7/12/17 12:44pm

Doesn't mean people actually do

mobius

7/12/17 12:46pm

So $400k is recommended (by financial planners) if you make $133k a year.

displacedute

7/12/17 12:47pm

RE: That scale is pretty low, IMO. $400k at age 40 is middle of the road, not

mobius

7/12/17 12:43pm

Some scary numbers in there: The median for families between 50 and 55 is only $8,000

slappy

7/12/17 1:14pm

have you looked at any studies/research on this? $400k is considered great at

Dangerous

7/12/17 1:49pm

Are you that out of touch with reality?

NorCal_Coug

7/12/17 4:07pm

RE: Are you that out of touch with reality?

cheezedawg

7/12/17 4:13pm

Yikes. With everyone always talking about how much money they have on here

bccoug

7/12/17 1:03pm

What? People lie? On the internet?

SandYFan

7/12/17 1:07pm

I'm sure there's some embellishment.

displacedute

7/12/17 1:08pm

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