How confident are you that you will be able to retire comfortably?

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How confident are you that you will be able to retire comfortably?

Comments

  1. CabinetSpider21 Avatar

    Very, maxing out 401k, on track to have the house paid off in 8 years. I’m 34 now

  2. Background-Radio-378 Avatar

    0%. my retirement plan is death.

  3. no_usernames_avail Avatar

    As long as I don’t lose my job in the next 5 to 10 years and the market has reasonable growth.

  4. xczechr Avatar

    Pretty confident, especially if my wife becomes fully vested in her government job’s retirement program.

  5. Pilgrim2223 Avatar

    there’s a few scenarios that would make it hard, but I’m a decade out and can say that I’m 99.9% certain that I’ll retire comfortably/beyond comfortably.

  6. GSilky Avatar

    I have a pretty high tolerance for bullshit, so probably more than most, but not because I am going to be financially set.

  7. discourse_friendly Avatar

    Very confident. 99% sure.

  8. bloodectomy Avatar

    0% as things currently stand 

  9. Ill-Vermicelli-1684 Avatar

    80%. I’m 40 and on track, but who knows what the next 20 years will look like.

  10. WTI240 Avatar

    Pretty confident. I also don’t see retiring for a while not because of my financial situation, but because I like having a reason to get up and do something in the morning.

  11. BreakfastBeerz Avatar

    Very confident.

  12. Iseno Avatar

    100%. I’m almost there and should hit my number at 42 even accounting for 3 kids. If it doesn’t happen there are bigger problems than me retiring tbh. Should have savings which would be complete then, 401k, pension, union pension and social security so I should be well off either way.

  13. FiendishCurry Avatar

    Zero. I do not think I will get to retire. I think I will work until the day I die or until I am just physically/mentally incapable.

  14. Partytime79 Avatar

    I’ve done everything that I can. Invested well. House is nearly paid off. Very little debt. Stable home life. Etc… I can’t control for act of God stuff but chances are good I’ll have a relatively comfortable retirement.

  15. Arleare13 Avatar

    Barring a complete collapse of the financial markets in the next couple of decades, I’ll be fine.

    So probably like 50/50.

  16. Object-Content Avatar

    90%. I had a coworker I look up to tell me that if he could do it all over again, he would’ve did 20 years somewhere that gives a pension and the rest doing other things so that’s what I’m doing. I’m gonna be a teacher for at least 20 or so years, be eligible for retirement, and reevaluate what else I want to accomplish then. I’ll only be like 45 at that point and my kids will be in college so it’ll be a fun time I think. Maybe I absolutely love teaching and do it forever, but it’s nice knowing that I won’t have to and that I’ll still be young enough to do just about whatever I want

  17. Vixter4 Avatar

    30%. Inflation is skyrocketing compared to wages. Unless I keep up and reach some good money, I dont think retirement will be an option.

  18. wiarumas Avatar

    I am confident in the factors that I have control over. I contributed and will continue to contribute to investments that make sure I will be able to retire comfortably.

    There is a matter of things I don’t have control over, however. If something catastrophic happens in the next few decades… that’s where my confidence wanes.

  19. coyssiempre Avatar

    Not at all. I will have to sell crack until the day I die at this rate.

  20. Narrow_Tennis_2803 Avatar

    10%. Still haven’t managed to buy a home and the clock is ticking.

  21. maniactress Avatar

    We’ll see if I make that far

  22. amaturecook24 Avatar

    Fairly confident. My husband and I both have local government jobs. Not amazing pay, but pretty good and the retirement plan they offer makes up for it.

  23. EvilMrGubGub Avatar

    No, prison maybe though

  24. cerealandcorgies Avatar

    50/50, I guess I will or I won’t

  25. MyUsername2459 Avatar

    I’m grandfathered in to a true defined-benefit pension plan, that our State Supreme Court has ruled is absolutely invioliable and cannot be taken from me by the Legislature (they tried, our courts smacked them down HARD on it, and the blowback at the ballot box cost the Governor his re-election).

    So, I’m not seriously worried about my financial security in retirement. I’ll be able to retire at 58 with a full pension.

    I feel bad for the folks who don’t have such protections, and for the decline of true pension systems in favor of scams like the 401(k). . .the creator of which has repeatedly said they were never meant to replace pensions.

    The 401(k) was created as a niche in the tax code for tax-exempt stock investing aimed at independent professionals who wouldn’t be contributing to Social Security or a pension system because they were not working for a company. . .like attorneys or physicians in private practice. That was the whole intent, not for them to replace pensions with them.

  26. EdithWhartonsFarts Avatar

    Retire? Yes. I work in law enforcement and we have pretty good retirement options.

    Comfortably? Almost no confidence. The way our country and economy and things like retirement benefits getting shit on, I have little confidence at this point. Who knows how much one will need to live comfortably a decade or more from now? Plus, I have two disabled kids and a wife with Parkinson’s, so I have no clue how the healthcare landscape/costs will be then either.

  27. RockShowSparky Avatar

    not very confident I will ever be able to retire at all. 

  28. brianrn1327 Avatar

    Very, and I’ll be able to in my early 60’s. Things change however so you never really know

  29. i_hate_cars_fuck_you Avatar

    I’m pretty confident but I am also just lucky that I got into a good career and stuff.

  30. ThrowawayMod1989 Avatar

    Hahaha that’s a good one. I’ll die at work 💯

  31. CuppaJoe11 Avatar

    Ain’t happening probs.

  32. Longjumping_Event_59 Avatar

    Not at all. Either my retirement savings will have been spent by the government, or the U.S. dollar will be worthless by the time that day comes.

  33. Cadicoty Avatar

    I always expected to just die at work, then I had maybe 3 or 4 years of hope that I could retire someday… But now I’m back to fairly sure I’ll die on the job. My 401K is in shambles.

  34. Soundwave-1976 Avatar

    The fact that I accepted I would never be able to retire back in the 90s should speak volumes about that.

  35. DrMindbendersMonocle Avatar

    I know I won’t be able to

  36. r_GenericNameHere Avatar

    On a scale of zero to ten, maybe a 2 on a good day and -5 on a bad day

  37. TakenUsername120184 Avatar

    What’s Retirement? Can I eat it?

  38. ChapterOk4000 Avatar

    Very confident. I work in the public schools so have a defined benefit pension. Gave up the idea of having a different career that would have paid more money so I could be in a career that has both a union and a pension.

  39. ErinGoBoo Avatar

    I’m fully aware that I will never be able to retire. It is what it is.

  40. Grindar1986 Avatar

    Retire? I worry about eating in a week.

  41. oodja Avatar

    Not in the slightest. Fortunately I love my job (I’m an academic librarian) and it’s the kind of gig where you can literally work until you drop dead, so… that’s the plan.

  42. Ok-Business5033 Avatar

    100%. All about budgeting and contributing.

  43. GenericUsername19892 Avatar

    I smoke 2 packs a day so I can rest easy knowing I’ll die before it becomes an issue.

  44. sheimeix Avatar

    That I’ll retire comfortably? Not at all. That I’ll be able to retire at all? Not at all. How confident am I in my retirement plan of “Guess I’ll work til I die”? Extremely confident.

  45. Ineffable7980x Avatar

    Depends on how you define “comfortably”

  46. Mrs_Gracie2001 Avatar

    Not a lot, lately. We’re already retired and very comfortable, but we live on our investments and Social Security, both of which are under threat by this administration. It makes me scared.

  47. atlienk Avatar

    I was 99% confident until a few months ago. I’d say that my confidence level has dropped to the lower 90% range.

  48. r2k398 Avatar

    As long as I can work for about 10 more years, I can retire easily. I’m 7 months away from being debt free so the next 10 years will be mostly going all toward investments.

  49. Traditional_Deal_654 Avatar

    I dunno. Depending on what happens probably since I’m only 43. But dramatic shit occurs so stay tuned

  50. Shel_gold17 Avatar

    If I win the lottery, 100%. If not, 0%.

  51. KrummMonster Avatar

    I am 34 years old and my one and only retirement account has only $11k in it. I’m contributing as much as I can, but it’s not looking good.

    Not confident at all.

  52. Amazing_Divide1214 Avatar

    Define “comfortably.” I think I’ll be perfectly comfortable but others would disagree if they had to do it. Being poor is tougher when you’re not used to it.

  53. YouWillHaveThat Avatar

    I don’t think I’ll ever really “retire.”

    I will just get to a point where I can’t work anymore because I’m physically or mentally busted and then just scrape by until I die.

    I figure it will be a few years until they manage to take the house and if I outlive that I’ll just die outside.

    But my health is pretty shit so I don’t think it’ll be a problem.

  54. vataveg Avatar

    Pretty confident. I don’t have elaborate plans for retirement and my husband and I bought a house in a very established, high-value area. We’re aggressive savers and my husband works in finance so he’s very good at making our money work for us. We’ve lived far below our means for as long as we’ve been working.

  55. river-running Avatar

    Not very 🙁

  56. mulletguy1234567 Avatar

    I’m saving what I can into a Roth IRA, it’s slow but steady going. Theoretically I should be able to retire, but that’s assuming things don’t get exponentially worse for anyone not rich. So I’ll probably work until I die.

  57. Reasonable-Turn-5940 Avatar

    I’ve worked my whole life and so far I think I’ll either

    1. Die under a bridge homeless

    2. Be put in a state run old folks home where nurses will punch and kick me for fun

  58. Rich-Contribution-84 Avatar

    99.8%. I was 99.9% before we decided to pick pointless fights with the entire world, so while I have minor cracks in my confidence, I don’t believe that the Trump nonsense will permanently destroy our economy (although I don’t ignore it completely as a possibility).

    Why am I so confident? I’m 41. I’ve worked hard to have a really diversified retirement portfolio of index funds (American and ex US), bonds, cash, real estate, and equity in my own company in addition to basic social security.

    If all of my assets go to shit, my take is that it won’t matter because money probably won’t exist at that point. There likely will have been major nuclear world war and anyone still alive will be living a primitive life.

    I don’t expect that to happen, but I do feel like the Trump leadership has made it a very fractionally remote possibility.

  59. jmilred Avatar

    Very! Retirement planning and sticking to it are crucial for people of all ages. This is not a ‘not my problem yet’ situation. My plan encompasses housing, long term health costs, and cash flow to cover the bills. I did not count on any SS when planning so if it is still there, it is just a bonus at this point.

    People are way too reactionary right now. People who just started investing in the last 5-10 years see this downturn as the end of the world. The economy has always done this and bounced back better every single time. There were people in 2008 that were shouting that the world is ending and they will never retire. Those who stuck with the market and retired recently are doing just fine.

    Everyone wants more. Everyone looks at a downturn in the market negatively. The world is not ending. The economy will bounce back.

    Even looking at the Dow Jones for an investment metric, everyone thinks the peak was pre-covid. It was only at 29k-30k pre-covid. It peaked in Feb this year at 45,000. It is 41-42k as I am typing this. Looking at the long term trends, it will be fine. By comparison, In the 2008 recession, it went from $14k down to less than $7k in 2009.

  60. battleofflowers Avatar

    Very confident, assuming the country and universe continues to function as it does now.

  61. Misstucson Avatar

    Like 80% if I’m on my own. 99% if I’m still married to my husband.

  62. deignguy1989 Avatar

    A couple months ago, very confident. With the current asshole in charge, now I’m not so sure.

  63. notthegoatseguy Avatar

    I feel like I’m in a very good place at my age, all things considered.

  64. MedievalFightClub Avatar
  65. inbigtreble30 Avatar

    At what age? 65? No. 70? Maybe. 75? Sure.

  66. Consistent-Raisin936 Avatar

    Because of Trump? i will work until the day I die. All hope of retirement (I’m 55) has been pushed out the window like a Russian journalist.

  67. DrProfessorSatan Avatar

    Hahahahahahahahahhahaha

    Whooooooo, that’s a good one.

  68. geekycurvyanddorky Avatar

    0%, unless I win the lotto or gain a massive inheritance. But for now I know I’ll probably work until I’m about dead 🤷🏻‍♀️ I’m still going to enjoy life despite poverty and the rotten orange.

  69. NightOwlWraith Avatar

    With everything going on globally and nationally at the moment, I genuinely don’t expect to live to retirement age. 

  70. Current_Poster Avatar

    I assume the last things I will hear will be my collapse behind a counter and “[My name!]” as someone sees I’ve died.

    Edit: If you’re one of our European or Canadian friends, and so have comments to this about America or Americans, remember there is a non-zero chance the company will be owned by your countrymen and paying into your tax-and-benefit system, so maybe don’t.

  71. 80486dx Avatar

    I just hope I don’t die at my desk.

  72. G00dSh0tJans0n Avatar

    Fairly confident but I don’t think must people could handle what I would call comfortable

  73. jeff1074 Avatar

    It’s possible. But if like one thing goes wrong it’s a no. So probably not

  74. AssistSignificant153 Avatar

    I am retired, and up until January I was very comfortable. Now I am scared to death.

  75. Sweets_0822 Avatar

    0%

    I will probably work until I literally can’t and die shortly after.

  76. Matt7738 Avatar

    Prior to Captain Destructo coming back to the White House, I felt pretty good about it. The problem is that most of my retirement is in the stock market and he seems determined to tank it.

  77. Crankenberry Avatar

    Not at all. I will probably work until I die.

  78. lyndseymariee Avatar

    Retirement? Never heard of her 😌

  79. min_mus Avatar

    0% confident. We’re in our mid-40s with about a million dollar net worth. However, it takes just one medical crisis to lose everything, even if you have “good” health insurance.

  80. Dave_A480 Avatar

    Unless the stock AND real-estate markets collapse completely, and the federal government stops paying military pensions to retired reservists… I’ll be fine…

    Chances are if you do white-collar work from age 22-65 & actually take advantage of matching to buy a whole bunch of stock/mutual-funds you will be too…

    It’s the folks who don’t have white-collar corporate jobs that have to worry.

  81. funsk8mom Avatar

    Nope… worked for companies that had no 401k plans and my career pays crap. Will be working forever

  82. fuzzyizmit Avatar

    HAhahahahahah hahahahaha…. no. I knew in high school I’d never be able to retire (and that was many many moons ago). This is the country of “Fuck you, I’ve got mine” mentality. My retirement will be a grave.

  83. pm_nachos_n_tacos Avatar

    I’m not able to be comfortable right now. Rising prices, student loans back on the table but the programs to help arrange payment plans are frozen or deactivated so I don’t even have options, my stomach hurts and I bleed when I poo but I can’t afford any medical care at all so we’re going to see how this plays out. I work full time at a good job making well over minimum wage, single, no kids or pets, apartment renter, don’t go out on weekends, don’t buy clothes, don’t go on vacations unless you count an out of town concert, don’t order take out every day, don’t have a car payment, somehow I’m barely existing. So my choices are “just get a better job”, die, get a second job, or ride this out as long as I can until poverty hits.

  84. parker9832 Avatar

    I have military retirement, VA disability, Thrift Savings Plan, a 401K, and a home. So, I have 0 confidence I will retire comfortably with the current administration. All of that could be gone in the next 4-10 years

  85. Average_Potato42 Avatar

    I’m planning on working until lunch on the day of my funeral. That’s how confident I am.

  86. robbjuteau Avatar

    I have no confidence in that. I’ll be working until the day I die. I do not plan on retiring.

  87. Use_this_1 Avatar

    100% not, dying young is my retirement plan.

  88. mntlover Avatar

    Lol not very

  89. BreezyBill Avatar

    I’m in my mid-50s and I’m not even comfortable now.

  90. TheUltimateXYZ Avatar

    I’ve crunched the numbers, and I should only be working until around 12:00 on the day of my funeral.

  91. Oomlotte99 Avatar

    Zero. I need to be able to work for as long as possible or accept extreme low income from 67 onward.

  92. JackC1126 Avatar

    Let me graduate from school first then I’ll get back to you lol

  93. TurgidAF Avatar

    Ha.

    Good one.

  94. BlondieBabe436 Avatar

    What’s retirement? You work until you die

  95. Macropixi Avatar

    laughs in poverty

  96. ronshasta Avatar

    Lmao retirement? That won’t be thing here soon for the working class

  97. Practical_Jelly_8342 Avatar

    Hahahahahahahhahaha

  98. mtcwby Avatar

    Realistically I could retire now confidently but it’s one of those decisions that’s hard to walk back at almost 60. I’ve got one graduating and one with a couple years left and I wouldn’t mind adding some more backup. The biggest reason is medical is currently a $3300 a month spend and it drops to $150 when we hit 65. I’ve worked since I was 12 years old and have been employed full time since I was 22. My wife had white collar income as well except for the past 7 years and we saved a lot over those years and invested well. I think we can hit double digits and that can translate into generational wealth for my heirs.

  99. SliceOfCuriosity Avatar

    Easily 99.9%. Been investing for the last 20 years and have seen above average ROI. I also own a business that is on the steady incline that I hope to either sell or pass on to one (or all) of my children one day.

  100. djdjdkdjdjfnx Avatar

    Most likely I’ll die in a torture prison in El Salvador in a few years for criticizing Israel. So that’s a “no” on retirement.

  101. eloonam Avatar

    [ Removed by Reddit ]

  102. notsosecretshipper Avatar

    0%. At this point, I just hope that I die without a lingering illness.

  103. DrBlankslate Avatar

    Retire? That’s a pipe dream.

  104. blipsman Avatar

    No idea… we’re way underfunded because wife took time off to go back to grad school, then hasn’t worked in 5 years due to COVID layoff and then health issues. Hopefully, there will be some inheritances to help out… or our son becomes successful and is willing to help out!

  105. ellasaurusrex Avatar

    Not even remotely. Neither my husband nor I have employer sponsored/funded accounts, and we’re largely paycheck to paycheck, so we can’t save much. We’re about 40, and a lot can change in the next 20-30 years, but right now….I’m not even sure there’s a glass on the table, much less how full it is.

  106. Lazyassbummer Avatar

    Not at all. I’ll work til I die.

    It’s not like I haven’t been planning. I’ve had and contributed to a 401k since I was 22. It just keeps getting lowered. Lost tons this year alone. Nothing I can do.

  107. sultrie Avatar

    0% . Im 23, no one my age or younger will be able to retire unless theyre insanely rich. We will never be able to leave the country and immigrate for a better life either unless the global west considers us refugees which will never happen either because none of us have the asset requirements to immigrate and no one wants us to come to their country even with the majority of the population being educated and working. We are stuck in a dying country.

  108. gunrad95 Avatar

    absolutely 0%

  109. airbear13 Avatar

    I can’t even fathom retirement tbh. I’ve only been working 3y and I’m ready to stop 🙂 but I know that’s not happening

    Housing costs are crazy. If you want a place of your own, even if you make retirement just about getting that it would take an insane amount of money. Base cost of house + mortgage at bad rates + taxes + general upkeep Would easily put that out of range for me and probably for most people who haven’t been working 15-20y

  110. Katyafan Avatar

    I’m disabled. I’ll be in poverty til I die. Which could be soon, seeing as the current administration wants to take away healthcare for those like me.

  111. IvanBliminse86 Avatar

    I have a job and multiple side hustles, my retirement plan is dying young at this point

  112. baasheepgreat Avatar

    I am confident that I WON’T be able to retire comfortably, and I’m fairly confident I won’t be able to retire at all.

  113. Relevant_Call_2242 Avatar

    I’m hoping that I spontaneously drop dead slightly before retirement

  114. bucketnebula Avatar

    Lmao 0%… 32 years old, no pension, no 401k as I need the money now to support my kids… Life looks bleak if I survive to be 65+

  115. I_Keep_On_Scrolling Avatar

    We will never retire.

  116. _haha_oh_wow_ Avatar

    I am absolutely confident that I will never ever be able to retire. I actually landed a job with a pension but I’m pretty certain corrupt assholes will destroy it before I am old enough to retire (assuming I survive that long).

    My retirement plan is die working.

  117. OGMom2022 Avatar

    Cancer took my retirement. I’m hoping NASA misses a huge meteor. ☄️

  118. BunnyBree22 Avatar

    My coffin is my retirement

  119. Dilapidated_girrafe Avatar

    Hah. Not confident at all.

  120. TArzate5 Avatar

    lol, probably about 20%

  121. GoldenDude Avatar

    As a 27 year old… I don’t even know if America as I know it will still be around by the time I’m retirement age

  122. Competitive-Fee2661 Avatar

    I saved aggressively and have a pension, so I’m hoping I did the right things and will be ok.

  123. Rude_Parsnip306 Avatar

    Less confident every day. I’m 53 and wasn’t planning on retiring anytime soon but my husband is 63 and would like to retire later this year.

  124. The_Werefrog Avatar

    Pretty confident. Of course, 20% of salary is getting put in a Roth 401k right now, so that’s tax free at retirement to help out quite a bit.

  125. ComesInAnOldBox Avatar

    Zip. Thank God I have an office job, ’cause I’m going to be working until I’m at least 75.

  126. Deepfakefish Avatar

    We’re all really at the mercy of the markets since republicans killed the idea of the pension.

  127. kryptoid256_ Avatar

    These answers will haunt me for the rest of my life