My husband puts 10% into our 401K plan every paycheck and his company matches it up to 6%. That being said,?

what is a good dollar amount one should have in their 401K plan TODAY, if they are married and both people are 45 years of age? I am wondering if we are doing enough for our retirement. I know about other investments, so please don't go into all that. I'm just wondering how we stand as far as the dollar amount we have accumulated thus far. Thanks.

How much does the company match up to 6%? 100% of your contribution? 50% of your contribution?

Without knowing the dollar amount you're putting in and the amount you need to live on in retirement, it is very difficult to give you a dollar amount you should already have in retirement.

There are calculators online to show you how much you will have in retirement based on how much you have in there now and how much you're contributing. I suggest you look into those.

Go to www.fool.com and click on the calculators link.

If you just want a quick and dirty number... I don't know... at 45... planning on retiring in 20 years... oh... $150k - $200k?

Again, not knowing what you are expecting to need in retirement and how much you're saving now (in dollars), there's really no way of answering this question.

keep saving. Don't stop.

Chatter, there are too many variables to give you a precise answer. it depends upon where you live, do you rent or own, your total expenses, your style of living, etc. your husband is doing fine to defer at least the amount that his employer will match as not to pass up "free money". your husband's current total deferral is 16% of his income. the maximum that your husband can defer this year is $15,500. that limit gets increased to $16,000 for 2008. when he reached the age of 50 he can defer an additional $5,000 (2007 limit) per year as a catch up allowed by the IRS.

also what matters is how the funds are allocated. are they in one mutual fund or are they diversified into several? are the mutual funds large cap, mid-cap or small cap? are they international funds? are they bond funds? or simply in a money market account?

the key is for when you both reach retirement age to have enough in your retirement savings to be able to live off of the interest and leave the principle continue to earn and grow for you.

You can never have enough money saved. When it comes to a 401K or other retirement plans. I would put money into other investment plans. Good luck.

The other person was right, there are too many variables for anyone to give you a number. Find a good certified financial planner - you can ask an accountant you know, or ask other people you know who might have used one.
He or she can help you know if you are on the right track for the kind of lifestyle you want to live when you retire or not. They can also help you figure out how much more you need to save, if that is the case.
Just for your own peace of mind, it's a good idea.
You don't say when you started saving, but 10% is a good amount. If your husband stays long enough, then you will have been saving 16% all along, which is great!

Try to max out your annual 401(k) contibution every year. If you still have money available to invest for retirement, consider a Roth IRA.

If he can max out on the 401K (15K limit this year, then do it) Also, open an IRA for both of you.