Age and amount saved?

[wincrasher]

Interesting that no-one has mentioned if they've inherited any assests. I suspect that is the case with some who profess low salaries, but high net worth.

Also, take the home equities with a grain of salt. These are guesses at best and most don't really know considering this dismal real estate market.

[JinCO]

We are 33.
401K is about $200K
EF: $40K
Home Equity: $80K

Student Loans (110K)

[yugugelizer]

I was looking back at this and found it to be very helpful to see how others are doing that are further along than myself. I figured I could bring this thread back from the dead for new members to add to, as well as older members if they would like to update. It always helps to see actual results, I feel they are more motivating than reading statistics from a book.

22 years old

Annual Income: $20,000 - 25,000
(It fluctuates as I am a server, as well as part-time TA at my university)

Checking: $1,800
Savings: $1,200
CD's: $1,000
Investments : $5,200
Retirement: $14,500

Total: $23,700

I have $8,000 left to pay on my auto loan, and $1,500 on my credit card (not a balance I carry, just last month's expenses prior to paying the bill.)

[bjl584]

This is an older thread, but someone dug it up, and I never posted on it originally so:

Age 32
Non Retirement Investments: 70K
401K: 45K
Cash: 12K
Home Equity: 64K

191K

Mortgage Balance: 75K
Student Loans: 46K

121K

[feh]

Spouse and I both 43.

combined gross salary: $110K
retirement savings; $640K (about half of that is in taxable accounts)
cash/emergency: $25K
house value (no mortgage): $350K
son's 529 has already been funded
company stock: $70K
no debt

Hoping the stock market treats us right over the next 10 years so we can retire early.

I suppose I can update what I originally posted...nothing has really changed, except retirement funds are now about $900K. And we'll likely need to kick in more money to the 529, since it hasn't grown as planned when we first funded it.

[disneysteve]

Wife and I are both 45

Gross about $125,000
Total savings (retirement and non) about $350,000
Home equity about $180,000
Debt (mortgage) about $94,000

I'm now 46, DW is 47.

Gross about the same
Total savings about $470,000
Home equity about $190,000
Debt (mortgage) about $85,000

[facebookdigg123]

I'm 20.

Make about $7000 a year.

Savings: 35k
Stocks: 3k
No debt for now, until student loans when I start med school

[yellow heel]

I already posted this in another thread but here it goes:

I'm 32, DW is 38.

Gross 140k

Asset:
Non/Taxable Account - 525k
529 - 4k
Car Fund - 5k

Liability:
No mortgage or debt

[PMMM]

54 years old
Combined income about 122K
Kids grown and gone. (Grandfather for the first time 3 months ago.)
Zero debt except for home $225K
Equity about 55K
Cash savings 117K
401K only 198K (Late bloomer.)

I better get some more money saved or retirement will never happen.

[kork13]

I'm 23, currently grossing about $48k/yr.

Savings/Checking: ~$2000
Emergency Fund: $6200 (slowly want to build this to ~$15k)
Home Downpayment savings: $9600 (in a taxable investment account)
Retirement savings: $17600
Total savings: ~$35,500.

What's not shown here is a sizable loan I got in college that I'm slowly paying down (still owe ~$24k)... It was $30k @ 1% interest, and I invested part of it -- so perhaps half of the home and retirement savings came from that.

I've thankfully been able to save rather aggressively for the last ~2 years, so I'm overall happy with where I am right now. My savings are stalling for now (roommates are moving out, so I can't save nearly as much each month), but once I also move in ~3 months, I'll be able to get back on track.

A few others have gone back to update, so I figured I'd look back and do the same. and... Wow, it's incredible how much can change in just 18 months! So my update:

Now 24 y/o, technically grossing $90k/yr (but as expensive as it is to live here in Japan, it's more like making $60k stateside)
- Checking/liquid savings: $2k-$3k (varies month to month)
- Emergency Fund: $15.7k (now fully funded)
- Home DP fund: $52k (my initial goal was $50k, so I've also met that one)
- Retirement: $38k
- Spending fund: $9300--I added this as my guilt-free spending/travel/fun $$ to help force myself to enjoy life. For example, I'm in the process of buying myself a piano!
***Total savings: ~$118k***
My 1% loan is now down to $15.4k, and I'm (still) intentionally dragging it out.

Looking at all this, it just seems remarkable--I can only explain it as having been extremely blessed with incredible opportunities and the good sense to be careful with my money.

[Fizgig]

Age 33, single
Income 72k

401k - 77k
Liquid - 30k
Equity - 40k

Net worth - 147k

Mortgage - 92k

No other debt and no inheritances. Could have done better, of course, but I'm pretty happy with my progress.

[JuniorTT]

I'm 30 and DW is 31. Combined income is $155-160k.

Taxable savings: $60k
401k + IRAs: $256k ($50k of which is roths, balance is traditional)
Home equity: $292k
HSA: $11k
Student loan: ($10k)

Net worth: $619k

[MonkeyMama]

Age 32 (saving since age 16?)
Gross Income: $75k (not sure it means much - range $20k-$100k in last decade. More saving from higher income, childless years).

$22k Cash
$8k Investments (Kids' college, etc.)
$70k Retirement
-------
$100k

+$100k home equity (We made a 25% down payment)

Now Age 34; Income same:

$25k Cash
$15k Investments (Kids' college, etc.)
$90k Retirement
-------
$130k

Home value has gone done, so home equity is $65k today. Only debt is $200k mortgage (same before).

In the end our net worth has been rather stagnant, but 2010 was a really crappy year for us financially ($0 to retirement, for one. Lost significant benefits at work and had a fair amount of medical bills). Falling home values haven't helped.

[bennkar]

I guess I'll throw this into the ring. While it may not overwhelm anyone, I look at it from the point of view that about 15 years ago (33 y.o.) my net worth was probably only a few thousand dollars. Currently now 48, I am at:

$300k Home Equity
$200k Retirement accounts
$ 30k CDs / cash / saving bonds
$ 19k DRIPs
$ 10k Hobby items
$ 3k Everything else (yeah, my car is pretty much worthless right now)
=======
$562k Total

How do you account for the value of a pension? While it is growing, I currently am vested for about $1,100 when I retire. Of course the longer I stick with my job, the more this will rise.

Single Guy

[asmom]

Hubby, 43, I'm 41.

• combined gross salary: $160K
• retirement savings: $121K- we also both have pension plans in which we are fully vested
• cash/emergency: $21K in cash and CDs
• house equity:$0: after living in our home for 13 years and paying our low-rate fixed interest mortgage on time every single month, this is the result.

I expect these numbers to change drastically in the next couple of years; saving there is no job loss or medical illness.