200k (+100k in spouses 401k) in 401k at age 38 , is it bad ?

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It is what it is. Plan forward, don’t worry backwards.

likesmart

It is what it is, is correct. You can’t change how much you contributed to date but you can effectively manage it going forward. Hire a fee only financial advisor to assist, it’ll probably be worth your money since you questioned it in the first place. If you don’t think you’ve wasted away money (eg excessive gambling losses, trading cars and and out and losing equity, etc.) then you should be happy with what you do have.

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Does that include IRAs? It’s not terrible against the national average. Prolly low according to the peanut gallery in here tho

likefunny

Nope. You are in better situation than 95% of worlds population!

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Spouses🙄

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This week’s dramatic development on “Sister Wives of PwC”...
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My spouse and I have about 270k combined in our 401k, but I turn 37 in October soooo I could probably beat you up.

likefunny

Very bad.

likefunny

It depends on what you retirement goals are and how ur current value measures up. Do a quick financial planning

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I worked 6 years and I have no savings other than my 60k 401k.. just debt. now what do you think

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At 40 you should have 2x salary saved

I read that you should have 1x your salary by 30, 2x by 35, 3x by 40, etc... I’m about to turn 30 and right at 1x my salary so that’s what I’ve been going off of

What do you all out your retirement fund in? Equities? Growth indexes?

The right question to ask is, how well did you manage your spending and invest your money? If the ratio of saving vs spending was high, then you did well, no matter what the hard numbers are. Those who don’t have undergrad and masters debt probably have different standing from the ones who do. Otherwise you are comparing apples to oranges.

My spouse and I are about 50% higher than this at 35/38

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