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    How much do Americans REALLY have saved for retirement

    I am 37 and have about 170k in my roth Ira, this is after years of maxing it out and it is tough. I am just curious of what other people have saved because if you ask any source they are claiming most Americans my age have A LOT more saved. I think its not true.

    How much do Americans REALLY have saved for retirement
    byu/Financial_Pen_6218 ininvesting



    Posted by Financial_Pen_6218

    42 Comments

    5. that_tx_dude on

      Only maxing out your IRA is not going to be enough to sustain almost anyone’s retirement. Do you not have a 401k as well through your job as well?

    6. Lost_Grand3468 on

      Checks google… median retirement savings for the 35-44 yr old bucket is 44k… okay OP… okay…

    8. Shadow_botz on

      You’re asking Reddit. On here you’ll have 20 year olds telling you they have 2 million in their 401k.

    11. chooglemaster3000 on

      Nah no one is lying bro you’re just way behind, better catch up!

      But actually i think that a lot of people claim to have more saved than they actually do, or your sample skews high because people who are doing well are probably more willing to talk about it than someone who is not. I bet the amount of 37-year olds who don’t have a single cent saved would astound you. Keep up the good work.

    17. harmless_poop_truffl on

      23 bucks and a bogo coupon for burger king chicken samdwhich and cheese burger, plus 5 dollars off order 20 or more, and about 20k mcdonalds points

    18. Due_Difference3390 on

      36- 200k between Pension and Market account for same employer. Then $100k in my own personal brokerage account. So total $300k.

    19. juic333 on

      SHOULD have saved and actually have saved are 2 different things. Most people dont have anything saved and if so its Most likely not much. Youre doing pretty well for yourself. Dont worry about what the internet says. Keep doing what youre doing. You are on the right track

    21. No_Routine2905 on

      38M, single, LCOL Southeast USA — $1.6M plus $280k paid off house 

    22. xxirish83x on

      I feel like asking in here isn’t a best feedback. 

      A quick google will tell you avg amount saved by age range. 

      Reading here i feel way behind and terrible. Reading actual averages I feel way ahead and in a good spot 🤷‍♂️

    26. Kaaji1359 on

      You have a Roth so you’ll inherently have less appreciation than most people who typically do pre-tax.

      I’m 39 and have $245k, just Roth. I’ve been increasing contributions and now do 50/50 Traditional / Roth. I’d have way more had I not been contributing just 6% for my entire career… But I also wouldn’t have been able to invest in housing.

    27. not_old_redditor on

      I’m so confused by this post. You post on an investing sub, the answers will obviously be biased. Also, most surveys say Americans are living paycheck to paycheck.

    29. Hosni__Mubarak on

      I’m 48. In a world where Trump wasn’t trying to sabotage the world economy on a daily basis, I would have enough saved for my wife and I to retire in about 5-7 years.

    30. Beneficial_Pickle322 on

      52 $2.5M have been grinding and investing since I was 23, maxed out the 401 for the last probably 10-12 years. 

    32. namewithoutspaces on

      > I am just curious of what other people have saved because if you ask any source they are claiming most Americans my age have A LOT more saved. 

      Could you post one of those data sources? I believe you’re lower than average, but ahead of the median amount.

    33. CornerOne238 on

      The rule of thumb is to have at least this (goal, not a hard requirement):

      Yearly expenses * age /10

      So at 37 in LA you’d need about half a million for a small family.

    35. Typical_Web_2125 on

      Responses on here are not reliable. You’d be better off looking at data published from Empower, Vanguard, Bankrate or something like that. Just Google it

    36. briang71 on

      I have a friend who makes 200k a year, who is broke.

      I have another friend who males 60k a year and is a millionaire

    38. EvilNuff on

      One thing to keep in mind is, intelligently invested, the first 100k is a lot slower than the second 100k. The rate of growth continues to increase as the size of the assets increases.

    39. Sueti on

      34 about to turn 35.

      Retirement accounts – $200K
      Taxable brokerage and various checking accounts- $100,000
      Various other accounts, probably another $30K-ish

    40. mx5plus2cones on

      50- 6.48m:
      3.03m in stocks/cash/raw metal.
      The rest in real estate rentals, net after mortgages ($750k outstanding loan at 3%)

    41. Tall_Ad_1450 on

      38m, 220k in my 401K and 80k in brokerage. I also feel waaaaay behind.

    42. D-Dubya on

      46, 2mm between wife and myself. Does not include business and property investments.

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