[00:01] 401k in 2026. Under the age of 25, the average, for example, is $7,259 and the median is $2,234 and so on through the list. But, do you notice what's surprising? Most people pre-retirement won't have enough money
[00:16] for a comfortable retirement. So, $107,000 is a median balance for those ages 55 to 64. That's not going to cut it. So, how much should you be shooting for? You want to multiply your projected average annual expenses by about 25. So,
[00:30] if you spend 50k per year, you would need 50k * 25 or $1.25 million to retire comfortably, allowing for the 4% withdrawal rate every year. Now, if that sounds scary, consider that the average social security payment in America is
[00:43] about $2,000 a month these days. So, really, your portfolio just needs to bridge the gap between what you're getting in social security payments and your annual expenses. A good exercise is to run your projected numbers on what
[00:55] backwards to figure out how you can compound your current balance to that retirement number. So, were you surprised by those numbers? Let me know surprised by those numbers? Let me know in the comments.