What is the minimum household net worth* you would be comfortable with having on the day you turn 60?
*Excluding the value of your primary residence and any public pension/social security benefits you are entitled to.
(Users who already turned 60 should feel free to vote based on the minimum that they think they would have been comfortable with.)
Please note this is a repost of an older poll (here, 4 years ago), who was based on national data, and I have adjusted the amounts to better reflect the answers in this community (most answered 50+M). I used 20M as a baseline as this was discussed as a guide number in the national press a few years ago. The ranges in this poll are deconnected from the reality of normal savings in Japan and do not reflect any 'normal' or suggested amount.
Have a great week end.
by Junin-Toiro
4 comments
Meta, but it seems the poll is not viewable on old/classic Reddit. I think a 3rd party polling service would provide you more results.
This assumes today’s yen values, right? So we don’t need to adjust for inflation
As someone who will be receiving both a British pension and a Japanese pension, I won’t need much in retirement savings after age 68. With that in mind, at age 60 I’ll probably still be working at a reduced pace and living off half income and half savings, with the aim to spend it down by age 68.
Therefore, my vote was 0-20m.
I voted 60 to 100m. I like big puffy security blankets, my pension will be pocket change, and that seemed a nice median number.
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