A few weeks ago, I released an episode talking about the average 401k balances by age, as well as the medians.

And the results were surprising.

The results were probably way smaller than you thought.

In fact, those in the range of 55 to 64 have an average

401 balance of $256,200 and a median of $90,000. Those over age 65 have an average balance of

$280,000 and a median of $103,000. That's way smaller than you probably think. And most of you who are watching

this on YouTube or listening on the podcast app, you have probably saved and invested really well.

That's why you're listening to this. You are probably naturally a saver at heart or someone

who wants to make sure they're in a good spot to retire. And as you can imagine,

if you have $280,000, you're probably not spending a whole lot or maybe enjoying your

retirement to the fullest. Now, what I don't want you to ever do is spend for the sake of

spending. But for transparency, most of our clients, they want to spend $100,000, $200,000 a year, especially because they have

their energy in their health. So they're in their 50s, they've saved well, they want to make sure

they can travel and pay for health care or how about a child with a down payment when it's more

meaningful to them? And they don't want to run out of money in 30 or 40 potential years.

So with that being said, I'm going to go over in this episode six really interesting statistics about wealthy retirees.

Now, many of you are on your track to being a wealthy retiree.

How do we actually define wealthy?

How much is enough?

Well, there's the famous Rockefeller quote of how much is enough just a little bit more. Yep, once I have a million, I'm going to retire. Two million, five million, ten million. I'm finally done. And I can't tell you how many people do this that we talk to. It's called goalpost planning. They just keep moving back the goalposts. One more project at work, and I'll ask you, even like I'm going to do right now, if you're being honest with yourself, and if you can do that, please ask yourself. If you really do need to ask your spouse, I encourage you to pause this podcast or video that you're watching and go ask them how many times you've pushed back your retirement.

Now, I don't know if my mic just picked up on it, but I live right by UCLA and there's a hospital

right here. And so I just heard a large, a very loud ambulance, not a large ambulance. I couldn't hear

...