re: How much money do people need to retire?

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My 401k has gone up a bit but nowhere near 2mil

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Not a popular sentiment because retirement savings is all we got but we were sold a bill of goods when the move away from defined pensions occurred. Some of us knew it was a shitty deal but the promises of a culture of ownership and riches beyond imagination were too good to pass up...and too good to be true. My wife and I have maxed ours out for about 20 years now, not just maxed out to what employers would match but maxed out what the IRS allows. All of our accounts have averaged around 8-12% over the years. If were retired today and that money never earned another penny it would match about 4 years of our current earnings. Luckily she has a helluva defined pension and I have 3 small ones that will pay us about 40% of our current salaries. Toss in SS and we will be close to 60% without touching that money which is what we will live on regardless. I have discovered over the years it does not matter if I make a dollar or $10 Im going to need about a dollar and a dime or 11 bucks...we will live the same way in retirement.