Answers
Steve
NewRetirement
San Francisco, CA
Hi - thanks for your question. Compared to the general population you are doing great since only 9% of people in your age group have > $500,000 in savings http://www.aaii.com/computerized-investing/article/newretirement-a-holistic-approach-to-retirement-planning
How confident you can be in your plan comes down to some key factors like:
- your expense rate vs. your guaranteed income
- the level of risk in your investments
- how well you have hedged out other risks (health care, inflation, longevity, interest rates, etc)
Have you tried building a retirement plan on our site? It will handle modeling everything described above and provide you with some detailed analysis and potentially some ideas for further improving your plan.
https://www.newretirement.com/
Best,
Steve
**All above answers are provided as general information only. No warranty is made regarding the fitness or accuracy of the information provided in this answer. You should seek advice from a licensed CPA, attorney or CERTIFIED FINANCIAL PLANNER™ as to your unique financial situation.