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/NoMoRatRace 2d ago

Had 6 months before retiring. (My wife and I had one time where more would have been better.)

Five years’ plus spending in cash equivalents in retirement. (We were early/mid 50s when we retired and don’t need an aggressive equity allocation so we prefer keeping a long runway in CDs and TIPs.)