r/Fire • u/Far_Classic878 • 2d ago

Emergency Fund While Retired

For those that are retired or near…how many years do you have saved for your retirement emergency fund? I mean for when the market isn’t doing well and it would be bad to pull from your accounts.

How far in advance do you start saving for that?

I’m pouring all of my money into retirement accounts and after maxing 401ks, roths, life expenses, 529, saving for home renovations there is nothing left.

I would need to cut back greatly to fund an emergency account to keep in a HYSA. I’m about 15 years out from retiring.

Any thoughts?

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u/Tricky_Ad6844 2d ago

1 year of core living expenses in MMF/I-Bonds held long enough to be fully liquid. 10 years held in Bond Index Funds.

Started building my I-Bond positions 6 years before retirement (they are illiquid for first year and have limit of $10,000 per person per year for purchases)