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The 3x the article states means total retirement savings. 401k included. I really hope you know more than a few people with 300k in 401k if they earn 100k/year.
by dgacmu 8y ago
The 3x the article states means total retirement savings. 401k included. I really hope you know more than a few people with 300k in 401k if they earn 100k/year.
- dsnuh 8y agoAh, I was confused by the parent post, I thought we were discussing 401k and "savings" as separate things. I'm not sure what others have saved in theirs, but in my case, it was more like $200,000 in my 401k when I got divorced at age 40. I didn't always earn the same income as I do now, and also had times where I have needed to decrease my contributions, etc.
- russellbeattie 8y agoYes, I was talking about total savings. I honestly think that if you know 'more than a few people' with 300k in their 401k then you are living in a upper class bubble, or maybe you are 60 years old... (Or I'm in total denial. That's a real possibility as well).