Had a mortgage one time. It was for 6 years. Never again. I’m cash only.

Probably quite a few. I bought a house ( financed) in 2013 when they weren't selling so fast. Worked a lot and paid off in 8.5 years. 54 now

I tell all these young 22 year old teachers start putting in your 403b. I dont care if its 20 bucks. Then take it up 10 a year. When your my age and I am dead you will thank me

If you will be able to retire at 58 you are kicking arse. Even with a pretty good income between my wife and I and a pretty moderate lifestyle I had to go to 66 to get us both on Medicare and me to full SS age. Needed to max out my SS because it is twice that of my wife and statistically I will be going in the ground long before her. I have no clue how the 86% are gonna survive because even with no debt, no mortgage and a fixed SS/pension income thats way more than my wife’s previous income as a teacher we have yet to live within our means in our last 1 1/2 years. I keep telling the wife unit we gotta quit having so much fun but that day has not come yet lol

https://dqydj.com/retirement-savings-by-age/
Here you go AU7MM08

Brad, I assume you are talking about me since you mentioned 58. I am thankful to be employed by a company that offers a very generous benefits package. Unfortunately, I have only been with them 13 years out of the last 29, I have made best use of those 13 years with saving. My company still offers a pension and they put money aside for us to pay our medical insurance when we do retire. Without the pension and insurance money the goal of retirement at 58 would not even be possible. Had I been wiser and better informed on how to save and invest the 16 years I wasted I would be much better off. I have been blessed to all these years with a good paying job, just wish I had been smarter and I would be considering retirement at 50 rather than 58.

Wow that’s nuts
Median barely even registers any color from 0-death
Average never even gets too close to hitting $500,000

I’m 55, zero debt, never going to retire.

From the article:

First, I use a strict definition of retirement savings – 'retirement accounts' and any defined benefit plans which have a cash value.


Here is the link to his net worth article:

https://dqydj.com/net-worth-percentiles-by-age/

I drive by homes where folks live that. Housing authority oversees maintenance and most probably pay 100 a month to live there. Heck I knew a lady that did my retouching back in the in the film days. She’s was very talented. Lived in government housing paying $100 a month. Got her ebt card etc….. reduced utilities and so forth. Folks living their best life cause they don’t want nothing.

Sadly this lady could’ve and did at one time make bank doing what she was doing. Worked for National Geographic retouching their chromes. I mean making good money but pressure got her.

She always seemed a little off but like I said never worried about much it seemed. She’d make remarks like I don’t know why more people don’t live like I do.

Many people saying being better educated may have changed things. I don't think it's an education thing, I think it's a self discipline thing. People want the high dollar truck and fancy house more than they want the retirement account. We all know we should save or need to save more but the overwhelming majority don't.

I bought land with about 150,000 of mine after retirement. My wife fussed a little but I got a heck of a deal from my favorite cousin. Since then rich duck hunters have bought all around me. I keep there’s up because most aren’t local and mostly they just want to have a big dove hunt and only duck hunt a few times. Land prices have tripled. I told my wife when I kick out she will be more than set

I don’t remember the exact numbers but heard the other day on the radio the number of retirement age people with mortgages now is considerably higher than in the eighties

I deal with this in the work I do every day. It has zero to do with education. It has everything to do with living within your means.

Same here. I have found if I hunt and fish every single day it isn't nearly as much fun as if I go once every week or two for some reason. Been saving my whole life and will be ok but I have a coworker who is 60 and has only saved $50k towards retirement.

Getting rich is not about how much you make, its about how little you spend. Believe it. Make interest work for you not against you.

Ain't no money in the world as valuable as a younger hot wife haha.

My goal is to be debt free in the next 5-8 years. That’ll put me 42-47 years old debt free but won’t retire… if I hussle
I could do it in less but it’d be tight. Hard to do with no job providing insurance..

I'll never be able to retire but we don't have a house payment and live on 180 acres. If we ever get ready to retire we will just sell out I guess. But I plan on living while I'm physically able to. I'm not waiting until 65 to buy a boat then have a massive heart attack at 58 like my grandpa did.

60 is the magic number for males in my family… I want to work and play till then myself..