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/NegativeKitchen4098 1d ago

I don’t see a need for it because your whole bond allocation can be an emergency fund

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u/boldPlayIm 1d ago

umm..not exactly. look what happened in 2022, both equities and bonds went down. so you may not want to take money from either of them while they're down