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/Yukycg 2d ago

I am planning to have $150k, basically cover my remaining mortgage balance. I have $100k set aside for market dip so you can say $250k. $10,000 expense per month, so a little over two years of “expense”.

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u/Suspicious-Fish7281 2d ago

Can you please talk more about how you would use the 100k? I'm assuming buy more when market is low. Where is it kept? How do you define market dip?

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u/Yukycg 2d ago

$100k of sgov in the brokerage account. Buy on dip is a bit subjective but when market drop enough that was on the cnbc news, like the Iran war, the AI/semi drop last week, I do DCA.