Ask HN: How old are you and how much do you have saved for retirement?

#1

Post by WORMS_EAT_WORMS » Thu, Oct 07, 2021, 2:47 PM UTC

No post body was provided.

Re: Ask HN: How old are you and how much do you have saved for retirement?

#2

Post by theandrewbailey » Thu, Oct 07, 2021, 3:05 PM UTC

Early 30s, low 6 figures in 401k. On track for a few million by 65-70.

Re: Ask HN: How old are you and how much do you have saved for retirement?

#3

Post by eigengrau5150 » Thu, Oct 07, 2021, 3:07 PM UTC

Early 40s. I could retire now if I wanted to, but I keep working because if I'm going to dick around with computers all day I might as well get paid for it.

Re: Ask HN: How old are you and how much do you have saved for retirement?

#4

Post by the__alchemist » Thu, Oct 07, 2021, 3:59 PM UTC

35. $800K USD

Re: Ask HN: How old are you and how much do you have saved for retirement?

#5

Post by [deleted] » Thu, Oct 07, 2021, 4:06 PM UTC

[deleted]

Re: Ask HN: How old are you and how much do you have saved for retirement?

#6

Post by dyingkneepad » Thu, Oct 07, 2021, 4:09 PM UTC

34. My net worth is negative. I don't even know in which country I'll be retiring. Moving from a "currency challenged" country to the US in my 30s meant all the money I saved during all my life became pretty much worthless, I could use to all to buy maybe a car in the US. I don't know how much coming back to it will be a possibility due to my kids starting to develop roots here. They may not want to go back once I'm in retirement age, and I probably won't want to stay away from them and grandkids.

Re: Ask HN: How old are you and how much do you have saved for retirement?

#7

Post by throwaway158497 » Thu, Oct 07, 2021, 4:24 PM UTC

dyingkneepad wrote: post #6

34. My net worth is negative. I don't even know in which country I'll be retiring. Moving from a "currency challenged" country to the US in my 30s meant all the money I saved during all my life became pretty much worthless, I could use to all to buy maybe a car in the US. I don't know how much coming back to it will be a possibility due to my kids starting to develop roots here. They may not want to go back once I'm…

don't think too much about kids staying with you after you retire. As a parent, you won't want to stay away from them but their jobs may very easily take them away from you. Source. 40 and I am staying on other side of earth from my dad.

Re: Ask HN: How old are you and how much do you have saved for retirement?

#8

Post by brailsafe » Thu, Oct 07, 2021, 4:39 PM UTC

Nearing 30, nothing.

Re: Ask HN: How old are you and how much do you have saved for retirement?

#9

Post by giantg2 » Thu, Oct 07, 2021, 4:51 PM UTC

If you feel like your behind when looking at these other comments (like I did), this tells you the (woefully low) averages as well as how much you should have saved at each age.

https://www.sofi.com/learn/content/average-retirement-saving...

Re: Ask HN: How old are you and how much do you have saved for retirement?

#10

Post by admissionsguy » Thu, Oct 07, 2021, 5:02 PM UTC

Early 30s, nothing at all and I plan to live the next 4 years off basic student assistance.

The whole notion of retirement has never made sense to me. I remember when I was 15-ish people said I would understand once I grew up, but nope, it still doesn’t make any sense.

I have spent maybe 48 months working so far. I can bill about 20k a month when I do work. But it’s such a waste of lifetime to do it, I never work more than absolutely necessary.