How much do you currently have in savings?

I''m talking retirement, plus any other, more liquid savings accounts you might have. State your age, please.

• I''m screwed. I was unemployed for so long, I had to spend almost all my retirement savings. Now I have a tiny little job I can barely make ends meet each month and I owe the IRS which I pay on every month and will be paying for the foreseeable future. %0D\ %0D\ Is this as good as it gets?

• 40k in 401k. No savings, and my checking account is negative. I am 39 and hoping to win the lottery.

• I am 57 years old and currently have $600K in%0D\ retirement savings.%0D\ %0D\ My home is paid off and is currently worth about $700K.%0D\ %0D\ I plan to work until 62.

• 41 yo\ \ 24K in savings\ \ 170K in retirement\ \ 1700 in cc debt (to be paid off in full after next paycheck)

• I''m 41. I have $300K in retirement funds and another $30 in my savings account.

  Nunya

• no idea what my 401K is doing, last I checked it was about $240,000. Currently have $18,000 in savings and $5,000 in checking. %0D\ %0D\ I''m 42.%0D\ %0D\ Fifteen years ago, I was about $8,000 in debt and had no retirement plan at all. I drastically changed my lifestyle to cut my expenses. I did not change careers, but have changed jobs five times in those 15 years, making more money with each position. %0D\ %0D\ I am very satisfied with where I am now. I may not have a luxury car or the latest this or that but I am comfortable and live within my means.

• 36 yo\ $100K in savings\ $250K in 401k

• I''m 30 and most of my savings went to pay for medical bills. $35k !!! %0D\ %0D\ My net worth it''s probably $120.00 on my savings account :o %0D

• 40k in savings\ \ 125k in 401k\ \ 39-years old.\ \ Debt free. \ \ But still, I know I''m fucked.

• Partnered, we are both 48, between the two of us we have:\ \ $110,000 in savings\ $12,000 in checking\ $500,000 in retirement savings\ $50,000 in stocks\ Qualified in three pensions\ $140,000 equity in a condo worth $510,000\ No debt other than our mortgage\ One car, paid in full\ \ I feel pretty good about where we are financially ... thought we were doing great until I read how others are doing.\ \ Good job!

• I''ve got some loose change in a jar.

• r9, how ru fucked? That sounds good 2 me.

• I''m 65 and single.\ \ No debt.\ \ $530K in savings + investments (mutual funds).\ \ House worth $220K.

• This is just another one of those stupid threads where a lot of trolls brag about their nonexistent wealth. Why the fuck should anyone care about how much money somebody has saved and what age they are, anyway?

• 32: $70,000 in savings and $35,000 in my 401(k).

• r9 is doing fine for a 39 year old.

• For some of you 40 year olds that already have $300,000-400,000 in a 401k, is that your only source of retirement? How much have you been contributing per month and for how long?\ \ I ask because I am 37 and contribute to SS and 5% of my salary to my cushy government retirement plan, but I also put about $60 a month in a 457 plan and only have $14,000 total and have been contributing for about 7 years. I could probably contribute more.

• Is it that time of the month again? My how time flies.

• I am 41 (R5).\ \ I have been putting in 15% in the 401(k) since I started in 1992, but I had to wait a full yr. before I could start... I started a Roth IRA at $5K per year about 10 yrs. back.\ \ I did not count my partner''s money, his savings, or our home equity.\ \ I have no car payment and no credit card debt that isn''t paid off each month in full. We owe $30K on our home.\ \ Bottom line, we live below our means in a modest ranch and save responsibly.

  Nunya

• Very easy OP, I am 36 and the answer is zero, nada, zippo,

• How are you able to invest in those 401Ks without compromising your morals? Don''t have to invest in funds that are hurting the environment, the banksters, etc.

• I''m 62 with 800K in savings and a pension of 65K a year. I will get 30K more in an annuity. My partner has a similiar income.%0D\ %0D\ That''s because we both became teachers thirty years ago while everyone else decided to go with the private sector and make more money.%0D\ I never made a big salary but the pension benefits are (were) great.

• 39 y/o, $2000 in savings, $300 in checking, own my condo with no mortgage (worth about $250k) and I am struggling due to health problems.

• About $32 M in precious metals and commodities (Platinum, Gold and Silver, Oil, Water and Corn) 4.4 M West coast home, 1.2 M Condo in the East, 2 M townhouse in Europe. About 200 K in the bank. Age 42.

• R21, my company 401(k) offers a socially conscious fund.

• 41. $70k in a 401k. $14k in cash and savings. No debt.

• R24, let me be your sex slave. I will leave my partner and I will service you geisha-style. ;-)\ \ Joking...

  Silly

• 200,000 in the bank%0D\ 2.5 million in stocks%0D\ no pension plan%0D\ no house%0D\ no debt%0D\ 59%0D\ I think I want to travel.

• 40 years old. 30k in 401k. 50k in savings and mutual funds. 70k mortgage on a condo worth about 180k now. No other debt.%0D\ %0D\ I feel ok about it. I am also a smoker so I imagine I won''t be eating cat food at 90 years old and I am ok with that.

• 48 yo here.\ \ 390K in retirement (403b). $39K in savings, and 15K in checking. No debt outside of a mortgage (100K remaining).

• Really, I cannot believe that I am the poorest one here. Now I feel bad. I actually made over 100k a year for all of the 2000''s, but I have a spending problem. I really like nice things, and live beyond my means.

  r2....sad

• $3

• Does a trust fund count?

• R27, back off. You already have a partner...give us single guys a crack at R24 (who''s probably married to some gorgeous guy with comparable assets). \ \ I hate these threads because I''ve been putting away money since the day I started working after college (22) and I still feel like I''m way behind the curve.\ \ I''m 30 years old and I have $10,000K in my savings and $65K in my retirement account (I work for the government...as opposed to a 401k we have what''s called a Thrift Savings Plan...essentially the same thing). Luckily, unless federal employee benefits are pared down even further, I''m looking at a military retirement, a meager pension from the government (hope I''m an SES by the time I retire), and social security to supplement my retirement plan. I make a good salary...not sure why it seems so difficult to get ahead.

• Full set of Franklin Mint commemorative plates\ \ Troves of silver-plate flatware - as well as multiple tea services\ \ Gold-fill Pocket watches up the ass - figuratively and sometimes literally\ \ Full arsenal of ill-kept rusted guns or rifles? Some are long and some are short.\ \ Really big Remington prints on top of that unplugged fridge I keep in the basement\ \ Degree that''s paid off

• \ i currently have $445,000 in my retirement saving accounts combined (CD,401k,savings,roth ira,stocks etc)\ \ 3 yrs ago it was $625,000\ \ so i have lost some- cant cry over spilled milk\ \ thats life\ \ i was being very aggressive so that was the trade off.\ \ i am a guy and just turned 37 yrs old.\ \ my advice is - live below your means but within your needs- I DO!\ \ working hard while young so i wont have to when im a senior citizen (best advice my parents ever gave me)

  up and down highs and lows

• R36, did you sell a house or receive an inheritance? Have you been making six figures for the past several years? I thought I''d hit $100K in savings by 30, and it hasn''t happened.

  R34

• 45 here. I''ve got about 50K in the 401K and 18K is savings. But it''s OK, I''m planning on killing myself by age 50.

• 29 years old.\ \ $0 in savings and $-5.98 in checking.

• hey R34 first off i dont work for the government all private sector. i made quite a bit of money as a teen acting. luckily my parents kept me in check- only fancy thing i ever bought was a BMV which i still have. people are more important than things. I dont have an iphone or fancy mobile service. i have tmobile prepaid. once a month i do go out to dinner with friends. i now mostly meet for coffee and we all go dutch. i have in the past gone to clubs and bars a few times. But i rather save money and have the party at my place or at a friends and have more fun and same amount of liquor. I also don't own a home- i am a renter. I am cool with that because i like flexibility. Plus in the end we don't take anything with us. Born with nothing ..Die with nothing. I never pay retail in anything i buy- clothes, food, furniture and even vacations. Keep it simple. Time is money. even breathing costs money just ask someone with asthma..seriously. I value my free time very much. Very true what they say- Its not how much moeny you make but what you do with it. Last year i made $65,000 after taxes and i saved $25,000 and lived off the $40,000. Yes before the recession i was making from $125,000 to $150,000 a year. I still laugh at friends and even a few family members that splurge and then bitch about how they are not making enough money to live. I dont have any pets or kids either. I dated a guy that had his own home paid for and had no kids but he did have 3 dogs and 3 cars. That was a deal breaker for me i told him and we broke up after 1 year together. focus on your needs not wants. life is simple people complicate it. sorry about all the babbling but thats the truth. i hate stress and drama.

  R36

• R36, that was all great advice. Thank you for posting.\ \ I definitely haven''t made the sacrifices you have...sometimes I think that just because I can pay all my bills and do what I want (for the most part), I''m doing great financially. Time to get back to the basics!

  R34

• Wow, R20, you must be my long lost twin. I was just about to write almost exactly the same thing. 36, and not a dime in savings. Pretty pathetic but hey, I''ve come around to the realization that I''ll just work until I drop dead. Who needs retirement, anyway?

• Unfortunately, you may find yourself unable to work until you die. You may become disabled or infirm and you will essentially be dependent on the kindness of others.

  Street Beggar, The Tenderloin, San Francisco

• Well then, I guess I''ll just move a bit north and join you. \ \ Or if I''m lucky, my kid will be solvent and take care of me in my old age.

  R20

• After three years of unemployment/underemployment, my savings are about $200-300. I have also had to face a terminal heart condition. Last week, I received a collection letter regarding medical expenses in the amount of $52,000. %0D\ %0D\ "Sure.....How many unemployed 53 year olds can write a check for $52,000?" Obviously, the letter went right into the trash.

• hey r45\ dont worry about that- medical bills are unsecured credit- and just like credit cards are things you go into in "good faith" but sometimes things happen like in your case.\ \ they cant take away what you dont have.\ \ dont stress.\ \ secured credit is like when you buy a home or car- you dont pay for it they take it away and can go after you for some of the money.

  best of luck

• r36 is an ass who thinks he is so important that he can take up space on DL by \ \ writing\ \ \ \ like\ \ \ \ this. \ \ \ \ Asshole.

• I have $400K in 401K, $100K pension, $20K fluid. My mortage is paid, and my co-op is worth $400K.%0D\ %0D\ I''m 56 and I know I am very lucky.

• I am 56, have 300,000 in savings, a house that will be paid off in eight years, and I am so lucky to have a pension that will start when I turn 60 and pay 70,000 a year. It will also give me free health care. I''m so sorry that so many have been having a bad time financially. It really is important to save when you''re young, and to lock in some kind of retirement plan. I''ve been a freelancer my whole life and so part of every year is spent looking for work. At those times, which can last for several months, I live off my savings. Young people... find a plan and stick to it. And if you have debt, pay it off. Never spend money you don''t have.

• It''s true. r36 is probably one of those guys who hogs three or four seats in airport lounges with all of his stuff, forcing people to stand while they wait to board.

• 38. 300k in cash, 450 or so in investments. \ \ Have a decent job as a freelancer that pays in the low 6 figures but could go away at any time. I own a condo, eat out a couple times a week, lease a luxury car, and go on vacation once a year. \ \ What I DON''T do is spend 200 bucks every weekend drinking at the bars and partying, go to high-end restaurants all the time, or buy other expensive toys. \ \ Never carried any credit card debt, made a couple of smart investments in the market, and never had any kids.

• Nothing, not a thing.

• 58 $1,499,000.00. That does not count my home which is now only worth about 150,000 but is paid off. %0D\ %0D\ I did it by living withn my means and maxing out my 401k''s. Yes the value dropped but came back nicely. %0D\ %0D\ Not that it matters now that I found out I have stage 4 oral cancer.

• I have $30,000 in cash. I have $160,000 in a TIAA-CREF account, $150,000 in mutual funds, $40,000 in bonds, $20,000 in annuities. I am 54 and plan on retiring at 70.

• For those of you feeling bad, I had nothing but debt at 30.

  r48

• Less than $50.00.

  Sad but true!

• 39 years old\ \ $65k savings liquid\ \ 140k in a 401(k)\ \ 15k in stock grants vesting 5k over the next 3 years\ \ No credit card debt\ \ No auto debt\ \ $280k mortgage

• I snorted my last paycheck.

• You know what? I need to vent a bit. I'm 38. I have never had a job that had a real pension benefit. My 401K has barely, well fuck it, really nothing in it. I'm college educated, and have never not worked in my life. I paid off my education expenses. I've been lucky to pay off a lot of my mortgage. I work in an artistic field, which admittedly I knew wouldn't make me rich. Really, though---I didn't think my career choices would leave me on food stamps in old age. I should be solidly middle-class by now. I don't live beyond my means. I am VERY frugal with my money. I drive a 10 year old car. I haven't had a vacation in 2 years. I shop at Marshall's. I do live in an expensive area, but well that's a product of a lot of different forces. I make between 50-60K a year. That isn't poverty level, but that's what it feels like. How do you guys even begin to save? Really, I want to know. I'm insanely betting on the fact that several family members will die before me, and I'll inherit a bunch of expensive real estate.

  Hoping the real estate market picks up.

• What R1 said.

• 38, 125K in 403B, 12K in savings and 5K in checking. I live well, well within my means. Every year, I usually get close to maxing out the retirement limit allowed by the IRS. Rent and do not own a car. No cable, second hand clothes (at a nice boutique place, not quite Goodwill), rarely a movie, etc. My splurges are my cats, a couple of CA trips each year and restaurants every now and then. Still, I feel fucked. I still have about 60K in student loans, my mom is impoverished and will soon stop working and expects me to support her. My brother is a financial fuckup and sucks out whatever little my mom has in money. He's 37 and still lives at home and pays no rent. The two of them are a huge reason for my willpower when it comes to saving. But I feel like it'll come to nothing because I'll have to support/help them all my life. I'm getting a raise next month--74K/yr, I'm happy of course but generally am bitter because I feel I should be doing much better at my age, education level and location (DC). I know, world's smallest violin.

• $125K in retirement, $15K elsewhere.\ \ age 50\ \ PS this is enough for me, seriously

• I hear you r61, but also jealous. You''re doing better than I am.

  R59

• R59 it was your choice to live in Manhattan.

• I just turned 40. I have just under $60K in a Roth IRA and about $6K in liquid savings.%0D\ %0D\ I expect never to be able to retire.

• R61, what''s the name of the boutique where you get your clothes (if you don''t mind sharing)? I''m also in DC...\ \ It''s so hyper-competitive here so I can totally understand why you might feel inadequate (see R34 to witness my whining).

• [quote]I''ve been a freelancer my whole life %0D\ %0D\ [quote] I am so lucky to have a pension that will start when I turn 60 and pay 70,000 a year. It will also give me free health care. %0D\ %0D\ How the hell did you pull off that combo, r49?

• Just reading your post R61 tells me you have something better than $. You are kind, have a good head on your shoulder and have intelligence. $ can''t buy any of those.%0D\ %0D\ You''ll do just fine.

• r59,%0D\ %0D\ Something about what you say doesn''t add up.%0D\ %0D\ I make about the same as you (a bit over $60K/yr), and I''ve lived in expensive cities for years (NYC and for the past 4.5 years, DC). I''ve been able to save upwards of 10% of my income, while living a reasonably decent lifestyle - a couple of vacations abroad every year, nice clothes, a lot of restaurant meals (too many, in fact - I''m trying to cut back).%0D\ %0D\ You say you live in an expensive area - how much do you pay in rent/mortgage? If you''re paying somewhere in the $1000-1200/mo range, you shouldn''t have a problem saving on that income level.%0D\ %0D\ I''m moving back to NYC next week. For $1250/mo I''m renting a very nice 1-br in a lovely, safe part of Upper Manhattan. With rent like that, I''m absolutely able to save.%0D\ %0D\ My first thought reading your post is that you''re spending obscene amounts of money to live in a trendy area. But obviously I don''t know you and could be wrong - would love it if you''d provide details.

• R64. Thanks for judging me without any knowledge. I don''t actually live in Manhattan, or any of it''s boroughs. I do live in the Northeast. It''s where I was raised. It''s where my family is.

• checkin the couch for change

  http://www.lolcatpics.com/guide-to-lolcats-indoing/

• R68, wow, that''s about the nicest thing said to me in a long time. Thanks. (still could be fucked tho...).\ \ R66, I go to the Mustard Seed in Bethesda. It''s not exactly boutique, you''ll see lots of Gap, J Crew and even Old Navy. I just mean it''s not like Goodwill where everything is taken in and you have to go through a lot of rubbish to find a pair of jeans and even then it smells moldy.\ \ The men''s section is very small, just to warn you.

• Thanks for the tip, R61/R72.\ \ Um, if I can do a little to return the favor: I''ve found some pretty good entertainment deals (movies, concerts, sporting events) on Groupon and Living Social. Might be a way for you to have some fun on the cheap. Also, the various embassies and museums are always having free events.

  R34

• R73, yep, I''m totally on board with the free events. If you''re in DC, you have to take advantage of the freebies, especially something like the Smithsonian. It''s supported tax dollars but it''s only really us locals who can get the most out of it on a regular basis. My new year''s resolution is to go to a museum at least once a month.

• r61, Many people have student loans, so I wouldn''t fret about that. I do wonder why you feel compelled to support your dead beat family?

• 55 and no debt with 2.4M in savings/investments

• R69. Let''s see. I am out in CT. That is one of the issues. My mortgage isn''t horrendous, though. I have had to put a LOT of money into the house.\ \ Taxes aren''t that great either. As I said, I make between 50 and 60k a year. My property taxes are in the 6k range. More than a tenth of my gross.\ \ Trust me. You can pick it a part. It''s just sort of stupid though. I should be more comfortable than my earnings and lifestyle suggest.

  r59

• 31: I have 65,000 in savings (most of which is earmarked for a down payment for a condo), plus 33k in my company 401k, and I own with my siblings a summer house - my share is probably worth 80k or so. My parents are leaving me and my sister their home, and my share is probably 300k or so. I think I will be fine in the end ... but right now I just wish I could put more into retirement.

• I didn''t know DLers were so wealthy.

• We are turning from a nation of spenders into a nation of savers.\ \ When you fart dust, will you tell kids how you saved your money to invest in a 1,500 square foot home with land instead of blowing money on that second orgasm chip? \ \ Or will you remain silent as your stock price goes up while Americans cream the floors of Walmargett?

• R75 Don't want to get into it too much but I don't mind about my mother...most of the time. I mean guilt tripping is a big factor of course. She's lived a very hard life and she worked very hard at laborious jobs to bring up two kids on her own. My dad was a deadbeat drug addict and killed himself driving drunk. She is an immigrant and doesn't have good language and work skills. She's basically made minimum wage all her life. We were very poor. My brother, mom and I shared a bedroom up until I was in 9th grade. We didn't buy our first TV until I was in 7th grade (we had a free B&W 13 inch prior). We lived in LA without a car and if you know LA, that's saying a lot. I went everywhere by bus or relied on friends for rides. I didn't drive until I was in college. As much as we have our generational and cultural differences, I love her and owe her a lot. The problem is that supporting my mom means indirectly supporting my brother. He essentially lives off of her. So whatever I give her, he benefits from; helping with rent, paying for household goods, etc. Trust me this is a huge point of contention between my mother and I. Even if he stops leeching off of her, he's so fucked financially, he won't be able to share the burden of caring for our mother in her retirement. It'll all fall on me. I do have extended family who are middle-class economically and I trust that if I ever really needed help, they would be there for me. This is mainly because they've helped my brother a lot, though they now tread carefully because loans eventually ended up as gifts if you know what I mean. I've never once asked for a dime from them and know they appreciate that if I ever asked for money, it would be very serious indeed.

• 39\ \ $2K in savings\ \ $40K in IRA\ $41K in 401K\ \ no debt.\ \ nervous.

• 47 %0D\ %0D\ 401k = 300000%0D\ Stock = 200000

• I hear ya, r81. There is nothing worse than a deadbeat sibling, when they are leeching off of your elderly parent. My brother has been bleeding my father dry. He has borrowed over 60k in the past two years, and steals my dad''s prescription pain meds. My dad is in very poor health, so all of this money basically comes out of my future inheritance. It also pisses me off because my dad worked and saved his entire life, and my brother is blowing the money away on drugs and alcohol. He lives in the same town as my dad, and is the only one around on holidays (and when he needs immediate help) so I havent thrown a fit yet. I know that my dad will take his side forever because he is the only person that he spends time with.

• I'm 48. I own two homes free and clear, tho one I receently inherited, and am renting untill I can decide what to do with it. I have very little debt. I came really close to getting in trouble with credit cards about 15 years ago, and it scared me pretty bad, so I only have 2 credit cards and they are in case of an emergancy.%0D %0D %0D I have somewhere arround $3820000.00 but only because a big part of it is an inheritance. Before the check cleared last week, I think there was maybe $260,000. %0D %0D %0D I don't really save in any regular way. I've allways put my tax return money into savings and never touch it, it's there for emergencies only, though I haven't really defined what the emergency is that would let me spend it. %0D %0D %0D On the day before I get paid I put everything over $500 from my checking account into another saving account. That money I let myself spend, but since the economy has gone down the toilet it's become the money that I've been lending/giving to family and friends to help out. When the ammount in that account goes over $10,000 it goes into the other account with the tax return money.%0D %0D %0D I know I should be saving more regularly, and in a more normal way, but for now this works for me.

• Just out of curiosity for the people with 401K''s, how did you avoid getting massacred in the markets during the dot com crash and the 2008 housing bubble/investment banking meltdown? Most people I know had 30 to 40 percent drops in their portfolios not once, but twice in less than a decade because of these crashes.

• I''m 50 years old.\ \ I own my home, free and clear. I have a pension that will pay me $8K a month, if I retire at 65. I have about $500,000 in IRAs. I have $400,000 in other savings and investments.\ \ Every time I run one of those on-line retirement planning programs, it says I''m very far behind in saving for retirement. It''s freaking me out. I really don''t think I can save much more than I currently am.

• R86: Look at this graph. %0D\ %0D\ Typically investments in 401(k) accounts are made over years or decades, not all at once at the very peak of a market only to sell all at once in panic at the very bottom of a crisis. %0D\ %0D\ Compare in the graph today''s market by 5- or 10-year increments backwards in time over the course of a career and the more or less steady incremental investments in a 401(k) and the picture is not so bleak.

  http://www.google.com/finance?q=INDEXDJX:.DJI

• R86, I did get drilled. For my job from 2006-08, I have a 401K account which I stopped putting money into when I left the company. That account in 2010 had less money in than I actually put in. So I''d have been better off if I hid the money under my mattress.

• R88, based on what I''ve read, the last decade has been the worst investment period in history. I understand that there are people who have been investing for more than this past decade, but there are still quite a few people in their 30''s claiming that they that they have 100K+ 401K''s and stock holdings. Assuming that these people started investing in earnest around the time they graduated from college, the total amount of time they could have been playing the markets essentially overlaps this past decade and its associated financial meltdowns.

• I hate you rich bitches.

  http://scrapetv.com/News/News Pages/Business/images-2/richie-rich.jpg

• R49, here. I am a writer and a member of the Writers Guild. We get paid a nice amount when we work, but again, it''s rare to get a rock solid gig and so you spend some months every year looking for work or writing scripts that don''t sell. Thank god for my union. They made it possible for me to have such an up and down career over 22 years and still come out on the other end with a pension that will pay the basic bills. As soon as my house is paid off about five years after I retire, I will be fine without having to touch my savings. The truth is I will be giving a lot of that to my sister who hasn''t saved anything.

• Right there with you R59.\ \ 39 with 50k to my name. No debt, no house though - I rent. I save about 6-7k year and within 10 years I hope to take that saving and flat out buy a house in a lower cost of living area and retire and die there at around 70.

• [86] I lost a lot of 403b value over the past few years (dropped from nearly 450K to about 300K at the lowest). I will be doing a ''checkup'' with my TIAA-CREF advisor next month to seek his advice about moving some things around. I did have a good deal in their real estate social choice funds, but might move more into annuity now.\ \ I''m a college administrator and the retirement benefits are one of the best things about the job. I put in 3% of my income, and my employer matches it with 12% (a 4:1 match).

• About $100K in retirement savings.\ \ About $28k in liquid savings\ \ About $4 million in a trust that will come to me upon the death of someone I love very much.\ \ I''m 54.

• This will be me - if I''m lucky.

  http://finance.yahoo.com/retirement/article/112417/homeowner-no-savings-some-options

  Guess I''d better learn to sew

• R28, please take some of that money and buy some punctuation.

• 58%0D\ %0D\ $1.2 mil in retirement account.%0D\ %0D\ About $50K in liquid savings (money market funds).%0D\ %0D\ About $9K in checking account.%0D\ %0D\ Some of this came from inheritances, although I did start saving seriously at about age 30.%0D\ %0D

  But I''m still worried

• Do you mean after I sell my blender and microwave, OP?

• 50, 100k in SEP, no debt. Not much in checking or savings accounts. I''m a freelancer and last year was a bad one, this year is a tad better.

• 50K in savings, own a home in full (currently value 900K in a nice area, in Orange County, CA - but that means nothing if no one wants to buy it, or wants to pay that price). No debt, pay cash for everything. Car is also paid off. I'm 42, and only make around 65K a year. I spend most of my money traveling the world, good food, wine, treating friends and family to nice things they may not otherwise be able to enjoy. I have seen too many people die without having seen the world, without having lived with passion and adventure. And they have a lot of money in their bank accounts, but they're dead. If you can do all that AND have hundreds of thousands in the bank, good for you, but I don't make enough to do that, and prefer to LIVE as opposed to scrimping and saving. I saw my grandparents do that. By the time they realized all they had missed, they were too old to travel, explore and enjoy. It was heartbreaking to hear them talk about it. My parents got all of my grandparents $ when they passed, and are also a bit frugal, but not to the same extent. At least they have taken a few trips. I know it sounds terribly wrong, but I prefer to live in the moment and on a wing and a prayer. Certainly I'll get a lot of shit here for living this way, but it's my honest answer.

• Jesus r98, what are you worried about? That the world''s going to end before you can spend all that?

• 43 yo...about $4 million in stocks bonds etc....my apartment (about 1.5 million, no mortgage) and weekend place (around $ 500,000).. plus about 5 million other real estate...

• Hey - R103 - wanna get hitched? I promise I love you for you. Honest.

• For all those who think the wealthy are easy pickings.....think again. The money was not amassed giving away treats to the needy.

• 3,000 in checking. Own a restaurant that I will sell in a year or two for about 300,000. That''s it. I''m 34.

  I''m totally fucked.

• Why do you say you''re "totally fucked," R106? Did you lose a lot of money in the restaurant? It sounds pretty impressive that you own a business at such a young age.

• R106, you are not totally fucked.

• I''m impressed with the restaurant thing but really, did none of you ever read about the depression? After the crash almost everyone was wiped out and they just tried to put their lives back together. You act like every one is suppose to have a million in the bank. You sound ridiculously silly to me...especially after what happened in Japan. You sound like children playing monopoly.

• R109, I agree 100%. One never knows what the future holds, which is why I live for today and don''t let all the braggarts bother me.

  R101

• Well, there''s no guarantee that it will actually sell. It barely makes a profit right now. I still owe the old owner about 75k. And, even if it does sell (after I pay the old owner off), then what? After taxes and my business partner''s take, I''ll have maybe 100k and no job. I have a degree, but spent my 20s pursuing an artistic pipe dream. I really have no skills other than owning a restaurant and I loathe it. Loathe it and won''t step foot in another restaurant once I''m through with this one.

  R106, sorry to vent. I know things could be worse...

• R106, I hope things work out for the best. At least you tried...

• 32, $458k in liquid assets, about $24k in student loans (might be slightly less, i dont keep an eye on it)

• Some of you guys are SO full of shit - especially those with nice round numbers.

• IRA: ~850K %0D\ savings: 200K%0D\ checking: 20K%0D\ jewelry: 10K%0D\ %0D\ %0D\ earn an OK living for NYC; have money only b/c mom and dad died

• Savings 550K Checking 110K 401K 300K in cash Account Pension 2200.00 a month and SS $2100.00 a month. I''m older than dirt 69

• What the FUCK do you people do that have so much damn money? Really, I''d like to know.

• My ex is in his mid 40s, r117, and writes for television. Nothing that you''ve seen (though he is very talented and I wish one of his shows would actually take off). But he is worth over a million dollars plus a house that is valued at around 1.2 million. It''s ridiculous. That''s how people do it. They just find a way.

  R106

• r117, I work at a university (not as teaching staff) on pretty low pay but I invest in my spare time. (not in shares, i dont know shit about that stuff)

  r113

• [quote]What the FUCK do you people do that have so much damn money? Really, I''d like to know.\ \ Real estate!\ \ The day I bought my first house was the day I started building wealth. If I''d just relied on salaried income I would be screwed, as my employment history is extremely uneven, and working for corporations (which are disfunction entities) drives me nuts.

• it seems a lot of people have tens of thousands in savings (like 30-70K).%0D\ %0D\ My questions is: where do you put it? is it in a checking account? savings? CD? Money market? Under the mattress?%0D\ %0D\ are you including any kind of taxable investment account in the savings figure?%0D\ %0D\ I don''t have nearly that amount, but I am trying to save up 6 months of expenses in an emergency funds. Right now it''s in an online savings account (which WAS paying high interest but not anymore)

• I have $412K in my 401k plus another $40,000 or so in a Roth IRA. Another $50K in savings bonds inherited from a relative, though the value may have gone up. Plus $75K in savings, checking etc.\ \ We owe $230K on the house, with equity of $200K or so, depending on whatever the market is saying now.\ \ I''ll have a small pension when I retire. But my partner and I will both inherit. Probably $500-600K total.\ \ And no, I do not feel this is enough of a cushion going into retirement. I''m 55, and I''ll have to work forever.

• [quote]Some of you guys are SO full of shit - especially those with nice round numbers.\ \ Hee, hee. You ain''t kidding brother. My bullshit detector went off the charts reading r101.

• It''s funny how threads about how much DL''ers have in savings invariably read like this one.\ \ On the other hand, threads about how people are struggling (with the poor economy, with unemployment, with finding jobs, etc.) invariably end up describing how barely DLers are making ends meet.\ \ Either DLers are the most economically polarized group on earth or something is amiss.

• I''m 36 and only have $300 in savings and $20,000 in a 401K. I have $15,000 of credit card debt and I''m thinking of taking that amount in a 401K loan. Has anyone ever done the 401K loan? Please tell me your experience.\ \ I will make about $90,000 this year and I''m ready to do a debt diet and should be able to pay back about $1,700 a month.\ \ Thanks

• Do not do a 401k loan. You will take out pre tax dollars, but you will pay it back with money that has already been taxed. When you finally do take out the 401k money as a distribution on your retirement, you will pay taxes on the money again, as if the money were never taxed in the first place. I.e., you will be taxed on the money twice. Not a good deal.\ \ Furthermore, the money in your 401k is protected from creditors; there''s no reason to use that money to pay back unsecured debt.

• [quote]Hee, hee. You ain''t kidding brother. My bullshit detector went off the charts reading [R101].\ \ Why, because I''m not rich? Or because you can''t possibly believe a gay man doesn''t give a shit about amassing wealth?

  R101

• I guess I''m the worst off. Am 63 -- maybe have about $150,000 in savings. Work is pretty much over.\ \ If Social Security works, then I''ll be okay because I really don''t need much to live on. But if it goes insolvent, then it''s over for me.

  despite what i''ve read here, i don''t believe i''m the only elder in trouble.

• lol at the people who are disbelieving this thread.\ You think that because you are terrible with finances it means that everyone else must be too? It''s entirely possible to make money and still have time to waste on DL.. I''m off to facebook now..

• I have 23p, some lint and a squishy/melting with leg heat Everton mint in my right jeans pocket.%0D\ %0D\ I''m old enough to know Everton mints ruin your teefs but young enough to still have teefs to ruin. :)%0D\ %0D\ x%0D\ %0D

  Lucy J.

• Less than zero.

  B.E.E.

• everton mints are gross, try tic tacs

• cant count it at the moment as eating pizza i guess bout 5 dollars but im happy enought

  king mike

• A lot less after that trip to Italy, but it was worth every cent.

• I''ve had a few "windfalls" since the 1st of the year - which really added to my savings. However I don''t have the type of position where I get a steady paycheck (commission based) or benefits like a 401K, so I save a lot when I do get big checks. \ \ And R134 - Italy is awesome - I was in Europe recently for nearly 2 months. Traveling is definitely one of those things that is worth every dime.

• 52\ \ 1,023,000 in cash, 401K, real estate. etc.\ \ Due just over 1 million from my father.\ \ I think I''m ok.

• 44, legally married. One house we owe 427k, have about 700k in equity. Have 26k in savings and about 400k in a money market, but we are about to put 250k down on another house plus do work on current house to convert it to a rental. That will drop the money market to about 150k. Have a little under 500k in our 401ks plus partner''s government pension. I still worry, but I''m a pessimist by nature.

• poor people are so cute!!!!!!

  www.goop.com

• 30 yo %C2%A33.5k in savings, but minimal debt.

• [quote]I guess I''m the worst off. Am 63 -- maybe have about $150,000 in savings%0D\ %0D\ %0D\ hahahahahahaha

  62 & zip

• ok, we know how little cash most of us have; now I''m curious how much flash we put out there.

• 41, male\ \ $160k 401k (maximizing annual limit)\ $40k pension\ $3k roth ira (maximizing annual limit)\ $5k savings\ $80k mortgage for $170k townhome\ no other debt\ \ tip: prolong marriage and kids

  M

• R141, start a new thread rhen

• I am 28. My husband is 30. Together we have 2.3 million in savings and our house is paid off.

• 60k in savings...owe 50k in student loans...that''s it :( 31 years old

• Have you ever noticed that when the IRS starts one of these threads, the early posts are quite modest, but by page 3 we start really getting up there? btw I''m not saying.

• I'm 30 years old, and am a bit disorganised and have small amounts scattered all over the place. All amounts below in Australian dollars unless otherwise stated: equivalent of AUD$15,000 in one overseas savings account $9000 in my Australian savings account approx. $30,000 in retirement(which I can't access in any shape or form until I'm 55 due to the way Australian pension plans are structured) $2000 in investments $100 hidden in a desk drawer at home around $10 in coins stuffed in a pocket of my messenger bag $35 in my wallet a friend who owed me cab money and drinks 'jokingly' paid me back with a 20 Euro note, which is worth AUD$25 if I cash it in Then there's the $5300 in credit card debt which I was about to pay off all at once, but then I just lost my job yesterday so I'm looking for a new one. Once I've settled into a new job, I'll knock that one off. Also chasing up a couple of tax rebates which will hopefully get me back $2700. I think in one of my old jobs which I didn't really stay all that long for, there was a separate private pension that used to deduct money from my pay every month. Don't know what's happened to it and need to chase it up, but I think they have $500 in retirement for me(which I can't touch until I'm 55). Fairly certain I have a bank account from another old job that has $70 in it that I need to close down(it's not charging me any fees though, but that $70 would be handy). I have enough food in the fridge and pantry to last me a week. Have been broke before with $18,000 in credit card debt and $100 in cash and it's taken me ages to rebuild my savings and chip away at the debt. I have no mortgage and no hope of being able to buy a house in Australia right now or within the next 10 years. I have to work really hard to catch up with my peers, all of whom have easily double or triple of what I have in savings and investments(though some with hefty $300,000+ mortgages). I was very undisciplined and did not budget carefully during my twenties which I really regret now as I could have been in the same position. Reading this thread has been really helpful and I hope to get my act together within the next few years and be in a comfortable position by the time I'm 40 or 45 years old.

• Savings? WTF is that?

  Unemployed and $18,000 in debt

• $500,000

  anonymous2

• I'm a high school dropout who has worked factory and clerical jobs since I was 15. I didn't really take retirement seriously, thinking I'd never make enough to put anything away. Ten years ago I started a 401(k). I have $100K in there now, no savings, and I live paycheck to paycheck. I'm the poorest one in my crowd. But I like the job and my boss is great - worked with him for 10 years (a litigator). I rent an inexpensive apartment in the countryside surrounded by mountains and lakes. Bliss. I can live on my meager retirement, never been much of a spender, obviously.

• My name is Elmer Fudd. I own a mansion and a yacht.

• I'm 35 years old. I have $315,000 in my 401 k. My home is paid off and is worth around $350,000. I also have a condo which I am in debt $150,000 for. Savings account I have $96,000 and my checking has around $8,000 a month.

  Jason

• 39 19K savings. 100k pension. I am screwed!!!

• Age 54 wife is 51 720,000 in 401k and IRA's. When I was 19 I tarted with a IRA then moved to a 401k in 1981 or so. 55,000 in bank 220,000 home payed off No CC Debt. have a 30,000 car loan One kid has his PHD and on his own, his twin flunked out and living with us. the youngest is starting college soon. I Have maxed out 401k every year since 1981. Helping things, I have worked at the same company since 1978 averaging 50 to 60 hours a week. I have been doing this for the last 34 years. I am getting tired and looking forward to something else.

  M

• Married age 39 325,000 401k/403b 100,000 cash 50,000 stock/mutuals 40,000 saved for kids Only debt is 15 year mortgage current balance 165,000 with 13 years remsining.

• 68, nearing retirement. About $3 million, including about $2.5 million in various retirement accounts. I didn't really start seriously saving until I reached 50.

• Savings + Checking is around 50k. IRAs/401ks probably around double that. Which at my age is definitely NOT much.

• 63. Have maybe $500K in savings. Am going to have to work until I die. Or until my work dies. Will get $36K a year from social security. So I won't starve. But it won't be pretty, seeing me at 85 hunched over my desk.

• 46. $250K in 401K and IRAs. $10K in savings. $110 remaining on my condo mortgage will be paid off when I'm 55. $20K in student loan debt, but no consumer debt. Partner of 6 years is same age as me, but has only about $80K in retirement savings and no debt. Overall, I'm well below where I thought I'd be at this stage of life. But all things considered, I'm doing reasonably well. I received no assistance from my parents for college or law school and borrowed $80K to pay for both. I also went through an unexpected career change 10 years ago that allowed me to save only $13K for retirement from 2001-06.

• Between all savings, checking, 401K and pension I have about $ 650K. I'm going to be 49 next year.

• I have 600K in savings and investments, 300K in an IRA, and a pension that will pay me $9K a month if I retire at age 65. House is paid for. I wish I had more. Should I be worried? I'm 52.

• Married, 56 and 54 yo. $750K in retirement funds; one small pension $100K and one annual teacher's pension $65K. Still have mortgage on house but plan to pay it off before retirement. Plan to work until 70. Worried still.

• I've never made more than 21K in a year. Still I managed to save 12,000 but I'm pretty old. Just never was able to get a good job. Oh well I guess there's no point saving I'll just get an iPad and a year pass to Thugs4Sex

• Who the hell does the OP think he is, asking people how much they have in savings and their age? What an uncouth asshole.

• My partner and I have about $2 million in investable assets and will each receive about $22k per year in pensions. We are retiring next year when we will be 56 years old.

  The lesbians next door

• 46 years old. 130K in 401 K; $15K in cash savings; $60K in company stock program to vest, with an average $25K granted annually; and $250K in trust. My home, almost paid off, would be worth $650-$800 based on sales in the neighborhood. I expect by the time I retire it will be worth close to a million, if not a little more. Aiming to work the rat race till, say, 55 and then 5 - 10 years being paid less but doing work that is more meaningful, before retiring.

• $18

• I am 31. Have a house worth $320000. Mortgage for $170000. In saving acc.$ 30000.00 and checking $1500.00. Know well the diffrence in needs and wants..20$/Hr i get paid dont know what would be my financial Position when i am 60???

  Jim

• My husband and I are 28. We have about $160,000 cash in the bank/money. We have about $220,000 in our 401K (combined). We have about $30,000 in a Roth IRA. We have $50,000 in school loan debt. We are considering buying a house for $500,000. How stupid are we?

• 29. I think I have about 15K in 401K and 110K in savings, but I don't own a home/car/etc and am in a very unstable profession, so that's why I'm afraid to spend money.

• $150,000 in savings, no investments currently. House has about $25K left on the mortgage, and I owe about $20K on a car loan, but everything is current and my recurring expenses are very low. I just turned 57.

• 125k in my SEP, 45k in savings, apt. paid off, car paid off. Very little debt. 52 yrs old.

• 2 million in brokerage account, 500K in 401(k). House is modest, worth maybe 120K. 57K annual pension upon retirement, which I think will be next year. (I'm 57.)

• I'm 60, have been retired two years. My net monthly pension is around $6K (gross is just over $100K annually.) I have about $175K in cash savings, plus around $250K in two retirement accounts that I don't plan on using anytime soon. I owe less than $30K on my $300K house, and around $185K on a $285K house I rent out. No debt, other than the two mortgages. I do have a dilemma, though. I need to plan for my eventual passing, and my only close relative is my mother, who is in her 90s and will likely predecease me. After that, I only have cousins (no living siblings, no children, no nieces or nephews.) I'm thinking of leaving some to friends, but most to charity. Any thoughts?

• R174, I do have some thoughts; thanks for asking(us.) I would leave a little something o at least one cousin; friends, too, and whatever you want to charity. If I had any money (was bad with it; am on disability now, have a few thousaands only 'cause brother "manages" my money); ANYway, that's what I want(ed) to do(single) - my brother or nieces; 1-2 friends; the rest to charity. But as someone who used to be a paralegal, with a teensy bit of experience in trusts and estates (not my main background): you'd be surprised how relatives, even cousins, even DISTANT cousins can get greedy when a relative dies leaving any amount of money. I have seen will contests. Usually whoever has the most money to "fight" the wlil (i.e, to pay lawyers to do so) forces some sort of settlement. So leaving - $2K? $5K? to one or more counsins might be prudent. I know this sounds paranoid, but as mentioned, I have worked on a couple of will contests - and they were NOT pretty. You sound very frugal and sensible! AND: 161 and 173: wow! In fact, a lo of posters, I am very impressed. So much for people thinking gay men spend money frivously.

  Admiring Hag

• R175 Thanks for your insight and advice. I guess I don't fit the stereotype of being a spendthrift, but in retrospect I wish I had been less conservative with my money. Now that I have time and money, I don't really have the energy or desire to travel as much as I used to. So, I guess the real answer is, don't be overly conservative or overly reckless, but do try to enjoy your hard-earned money when you're young.

  R174

• Im 42 24K in savings 115K in Retirement 85,000 Equity in house 25K in Debt No kids and make about 150K a year I feel I am in pretty good shape but only have to work until im 70

  JGS

• 51 160K in retirement 12K Savings Less than 10 K Debt Married no kids husband much younger I think we should be fine. 100k equity in house. Any thoughts

  MSS

• 40k. 36yo, NYC. I'm starting to freak out that I don't have enough in retirement: 8k. How am I doing?

• 42 $316,000 in IRA/Savings 40,000 in 529s for daughters' college (5) and (3)

• r178, why do you think you will be fine? Will you have a pension?

• I am 27 years old. Female. No college degree. I have about 18k in liquid savings. I live in a west village duplex apt where I pay 1800 a month. I live freely with my money and spend too much. I have no 401k. Am I doing ok or behind ?

• #14. Yes some people "bragging". But others I believe have never been taught what should have been. Money. I think some people are genuinely confused as to if they are on the right track or not. That's all.... That's my case anyway. I honestly don't know if I'm behind , on track , or ahead. ?

• 51 and 54 guys. 350K in retirement plans. 40K in savings, and 15K in checking. We are both from middle-class roots, and we do not expect any inheritance when our mothers pass. We have 100K in equity in our house. No loans other than mortgage (100K remaining). We are not planning to retire until age 75 or so.

• 35, 760K saving, 400K house, no debt. No job at the moment, do I still need to look for it?

• 34, 2 kids, house, -20 k in savings on LOC, earn 60 k a year, all my debt is from my wedding. I save about 3 000 per year and spend 1 000 every year in bank fees. If I never spent 20 k on a stupid wedding that no-one enjoyed and just bought a ring and a dinner, my life would be perfect. Instead it's 3 jobs, no savings, nothing for the kids to save for college, all to make my wife happy and have a stupid wedding with 50 relatives that we never talked to again not even christmas cards because we're so poor we eat kraft dinner

• 42 and 41, kids 10 and 5 Income is 140K and 90K 700K in retirement (401k and other) 200K in Cash 300K in personal stocks, kids' 529Plan etc. ~300K in house, paid for 5 yrs ago. Planing to retire earlier.

  Lions

• I have nothing but my health. That may sound sad however I can say one thing is true, Death is in fact the great equalizer.

• $200,000 total. Age 54. I'll be working until the day I die.

• Yeah, I agree with the more cynical people posting here. This kind of thing draws people who've saved a good bit, so they can brag about it, but also trolls who simply talk crap.

  Jasper

• I got my end-of-year statement yesterday, and I only have $30,081.34 in my IRA. It only earned $58.39 in 2012, and I did not make any additional deposit. My home is paid off, and I also have two very modest vacation/retirement properties which are paid off also. One for hunting/camping in the woods, and one for fishing/camping on the lake. It is a good thing that wealth is not the most important thing in life for me, because I don't have much of that.

• I'm 46. No retirement funds. About $1,500 in a savings account. Maybe $3,000 in checking. Condo completely paid for. No health insurance. No debts.

• I just turned 60. I have just over $400k in 401k's and regular savings. My partner (61) has about $200k.

• Okay, I'll tell my situation. I'm almost 56, haven't worked in years, wife earns modest amount of salary, have just over $106,000 in total savings (all liquid), modest home paid for, cars paid for and no debts; so far both of us healthy. (We had virtually no savings 7 years ago). I'm amused hearing these 30-40 year old somethings saying they have all these assets and also claiming they're screwed because it is not enough. I'm not worried, as long as we stay healthy. (I admit I didn't read all the posts, only the first and last pages as these things get rather repetitive.)

  Jasper

• 41. $110k in retirement accounts; $4k in checking and savings. $11k in stocks. No debt but still rent. Could be a lot better. Could be a lot worse.

• I'll be looking for someone's couch to sleep on when I hit retirement age. I have $100K, little debt, a car that has about $13K to pay off, and no pension or mortgage equity. Did I mention I'm 60?

• $0 and I'm 38. $37,000 in credit card debt. Has anyone mentioned how much you need to be able to retire somewhat comfortably? I know there are a lot of variables, but if you somehow get an inheritance or something that is $800,000 after taxes, could you invest it in something that would earn $80,000 a year or so in interest that you could live off? Sorry, I'm clueless, obviously.

• I have $9 billion in savings.

• 65 years old. Will get $2600 a month for SocSec. Have about $250K in savings. Rent my place==but it's cheap. The rest of my life is going to be very, very frugal.

• Wife and I are both 55. We have $626k in retirement accounts. Wife is retiring in 2 yrs, I will work until age 60. House is paid off. We have a vacation home in the Adirondacks that will be paid off when we sell our primary residence before retirement and move there permanently. We will then rent the vacation home from Jan through March and winter in Florida or some other warm place. Hate to wish my life away, but I wish it was 2017 and my ass was on the beach.....oh well, soon enough I guess.

  Joe