re: What is your target savings and age for retirement?

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Not many are going to respond to this thread saying they've royally fricked up so don't sweat it.

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Yeah, my comment was more in jest.... Def a keeping up with the Joneses comment.

Compared to 75%+ of the rest of the country, I know I am in a very good position, however, when you see someone that is in an even better position, you strive to be there too.

And honestly, I could be a lot better off than I am now, but within the last 5yrs, my mindset has shifted from "save save save" to "save, but enjoy life". I think its finding that middle ground that is key. I don't want to retire with millions in the bank and no memories wishing "I wish I would have enjoyed it". Life is too fricking short and you never know how long you have.

This thread had me google the stats for Americans and savings and I am always shocked no matter how many times I read it.

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How many Americans have less than $500 saved?
Having $500 in the bank for emergencies can give you a sense of financial security but for 41% of adults, it's still a pipe dream

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How many have six months' worth of expenses saved?
Twenty-three percent of adults surveyed acknowledge having an emergency fund that could last them at least six months.

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How much do savers expect to need when they retire?
How much cash you'll need in retirement will vary based on your current income and expenses. Among middle-class workers, $250,000 is the median amount they're aiming to save.

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What's the median net worth in America?
Among seniors aged 55 to 64, the median net worth is around $165,000. By comparison, those in the 35 to 44 range boast a net worth of about $50,000. The 18 to 34-year-old millennial set fare the worst, with a net worth of $11,000.

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