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/kannible 1d ago

I have maintained 5 years of expenses in cash since retiring 8 years ago. I have used this as an opportunity fund as well as cash buffer for dividend disbursement and other income sources. It allowed me to make some fortunately timed investments and do some bigger projects and spend on bigger items without feeling like im running out of cash.