I'm 40. How Much Do I Need To Save For Retirement? 

I'm so screwed lol

What im trying to figure out is what is your monthly income based off of those numbers/percentages shown? Is that $40k/yr from investments? $60k?

I agree I was a victim. I have a TDF 2040 from my company for many years I did not check on it for years and the last few years ago. I decided to see the growth on my 401k. I was disgusting with the very slow growth I was putting in 15%. So I ended up changing my investment. I'm now investing into the S&P 500 and Vanguard Growth on top of the TDF with a total of 25% ($20,010 a year). I'm getting ready to bump it up close to the max limit on January 1, 2023. I'm not playing around and I'm almost 50. It's hard to determine it since we are in a bare market. I lost over $25k but now I just broke even. The hard part for me and maybe others is to determine how much I need in retirement to support my family living comfortable and not have to worry about running out of money.

Expenses is what they need to ask first, but they know this.

Did this mention was was the target income for retirement? Or how much it would be

is 75K in a 401K typical of what you see for someone 40?

Good stuff Dustin. Same age here as well. Definitely gonna look at adjusting assets in my 401k. 6:38

What is the expected salary tho in retirement

Thank you for sharing and educating us Dustin 🙏🏼

Hey Dustin. Same age as you. According to my div chart portfolio, with about 8-10% growth (supposedly). I should clear 179k by 2041. Do you think i can pull back now? Or should i keep adding to my regular index? Btw i contribute the max every year to my Roth because i have no 401k through my company.

Maybe I missed it, but it seems like you left out the most important part... What are the expected retirement expenses? There is no way to determine how much will need to be saved or a target portfolio value if you are not projecting retirement expenses.

Basically most people are screwed. I only have 30k in my 401k and robinhood account total at 40. No way with inflation I can invest over 1k a month. Wages are falling behind big time. I out about 500 a month in my 401k. Maybe 200 a month in my robinhood but my wages are falling behind so I have been doing less.

40s and getting more credit cards 💳! Whoohoo

Thanks Dustin good wake up call wish I was told this at 40.

Gracias

Can you move a 401k at the job you presently work at to an IRA?

Nice