Comments on: Average Retirement Savings by Age

By: Derek S.

Derek S. — Tue, 22 Nov 2011 20:03:52 +0000

Take a look at the comments too.

By: Derek S.

Derek S. — Tue, 22 Nov 2011 20:02:16 +0000

Hey Derek,

Here is one of those retirement articles I ran accross. Fairly interesting on stats although it was from 2008. Stats are probably worse now in 2011, but I goes to show you what you said about the savings rate of the younger.

By: James Ward

James Ward — Thu, 21 Apr 2011 15:20:26 +0000

Anyone who maximized their retirement savings when the began to work in their 20′s should have well over $500K by the time they are 50. But don’t be dishartened if you are not one of those. Someone at age 50 earning less than 60K, and with no savings can have over $800K before 65 by maximizing a 401K and IRA (or Roth IRA) with low risk investing. I outline this in the book, WEALTH VIRTUES.

By: Shane

Shane — Thu, 14 Apr 2011 14:58:13 +0000

At 23, I have $12k saved. I feel like I’m ahead of the curve, but still not comfortable with my savings.

By: Shane

Shane — Thu, 14 Apr 2011 14:55:58 +0000

@PunchyBalls

I feel that you are right. Most people with low or no balances for retirement don’t even think about how well they are doing. It will hit them one day. Most likely two late though.

By: NextGeneration

NextGeneration — Mon, 28 Mar 2011 14:52:59 +0000

“so when its 150 billion dollars for a coke what do i do? save my money? or try something different?”

I would definitely switch to pepsi at that point.

By: Punchyballs

Punchyballs — Wed, 16 Mar 2011 13:16:27 +0000

Notice how there aren’t any comments from people admitting they have less than $25K. People who have less than that tend to not even look into things like this. If you have the wherewithall to even google this page, then I’m sure you’re fine in terms of savings.

By: Valerie

Valerie — Tue, 01 Mar 2011 23:31:39 +0000

Thank you for the information. It makes me feel very good about my account balance as I see fall within the top 5%.

Age 32 with a balance a lil’ over $115,000.

I’m a single female who started putting away %15 when I made $7.50/hr at age 19. When I got older (late 20′s), I decreased it to as low as 2% for many years because of real estate investments I acquired. Mind you, I have never (and still don’t) made over $50,000/yr. All the real estate tanked on me, and now all I have is one house and my retirement savings.

It pays to start early and remain disciplined about paying yourself first. BEST WISHES, EVERYONE!

By: Jeff

Jeff — Sun, 20 Feb 2011 22:36:20 +0000

39 years old as of 4 days ago and have been blessed to accumulate $305,000. Must admit I am a bit obsessive over my retirement and run the projections all the time. Just hope I live long enough to enjoy my golden years.

By: Jeff

Jeff — Thu, 17 Feb 2011 21:16:46 +0000

Wow, It looks like I am kicking butt. $550,000 at 37