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Antiwork

14% isn’t enough

Between my company and myself I contribute 14% of my income to retirement. Not sure if it's just the economy but I'm not seeing the growth I'm hoping for. I turn 40 in less than 3 months and according to the insights, if I work until I'm 67, I'll still only be at 54% of my current salary. My dad received a pension, 401k, and stock options from his oil and gas job. People that reported to people who reported to my dad lived more extravagantly, I always thought we were “poor” and felt bad for wasting paper. He was able to retire at 55. My uncle who worked for the same company at the refinery in a “blue-collar” (just not sure what exactly he did, but it wasn't in the office), still retired a millionaire and then worked contract making 3x as much after he retired. My paternal grandfather…


Between my company and myself I contribute 14% of my income to retirement. Not sure if it's just the economy but I'm not seeing the growth I'm hoping for.

I turn 40 in less than 3 months and according to the insights, if I work until I'm 67, I'll still only be at 54% of my current salary.

My dad received a pension, 401k, and stock options from his oil and gas job. People that reported to people who reported to my dad lived more extravagantly, I always thought we were “poor” and felt bad for wasting paper. He was able to retire at 55. My uncle who worked for the same company at the refinery in a “blue-collar” (just not sure what exactly he did, but it wasn't in the office), still retired a millionaire and then worked contract making 3x as much after he retired.

My paternal grandfather died young, my dad is now in his 70s and has health issues even though he has been avid cycler, in a healthy weight etc. I'm afraid if I make it to 67, I'll have maybe 1 good year before I start to fall apart. I'm so happy my parents had a chance to travel the world and do the things they wanted, but I'm also jealous because I won't have that luxury.

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