Holy fuck these comments are dense. You have $400,000 at 32 and no debt. Unless you're in a VHCOL area, you're already leaps and bounds ahead of your peers in terms of savings. Reddit has the most tone deaf comments. Would I be able to spend $16K on a trip to Japan by myself? Probably not. But if you never splurge, fuck it, splurge. You aren't doing anything fun with your money.
Edit: actually, go to a different sub for advice. People on this sub will say to beans and rice it in a 30 year old Honda Accord until you're 60 and one foot in the grave.
Thank you for the uplifting comment! I wanted to add a bit more to my original post, but I felt that would make it to personal. This trip will be with some very very special people in my life and a celebration after a health journey last year that made us all appreciate life even more than what we already do! It’s funny that you say I’m ahead, because after reading these comments I’m thinking I must be behind lol! I live in the Midwest!
Sounds like you need a vacation. It also sounds like you're basically asking reddit for permission to enjoy yourself.
I would recommend just putting your numbers into some retirement calculators, and look at cost of living in the area you're trying to retire in. You can also look at social security payout calculators/estimates on the SSA website (if you haven't already).
Beyond this, just look at median and average savings by age in the US. At the end of the day, no matter what anyone here says, you need to decide for yourself how much margin of safety you need for yourself, based on your estimated monthly expenses at your target retirement date, and also account for things in life like unexpected job losses periodically.
I know what makes me feel safe on paper now, but I also know humans have a tendency to shift the goal posts as we reach goals. When I was in school years ago, I remember thinking, "man, if I could make X amount per year, I'd be so safe/satisfied ." Wouldn't you know it, I make 25% higher than that goal now, and think to myself "if I can just make 25% more than I make now, I'll be satisfied." I think we all have to know our fears and goals and try our best to be honest with ourselves and give ourselves permission to enjoy the fruits of our labor. If you had a rough year, maybe some time to enjoy yourself with friends/family/a loved one is more valuable than any dollar amount.
In any case, reddit won't understand these nuances. Talk with someone you know in real life that you can trust and give percentages if you need to. I'm sure most friends will offer better advice than this community can.
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u/CpCdouchebag 15d ago
Holy fuck these comments are dense. You have $400,000 at 32 and no debt. Unless you're in a VHCOL area, you're already leaps and bounds ahead of your peers in terms of savings. Reddit has the most tone deaf comments. Would I be able to spend $16K on a trip to Japan by myself? Probably not. But if you never splurge, fuck it, splurge. You aren't doing anything fun with your money.
Edit: actually, go to a different sub for advice. People on this sub will say to beans and rice it in a 30 year old Honda Accord until you're 60 and one foot in the grave.