<prompt> Human: I am 40 years old and would like to retire by age 55. I have been working at the same company for 12 years. Currently they provide a 80 match on the dollar for 401k contributions. On the last 401k Ponzi scheme that took place with Bernie Madeoff I lost a huge amount of my 401k account. Since then I have not contributed as much or hardly anything at all. Reason being is I am very scared to lose anymore. At this point what should I do and how much should I contribute? My wife and I are very good at saving money every year. We have one child, a home mortgage and are paying off one car. We currently have over 70,000 in our savings. After refinancing our home 3 years ago we now have 12 years left on our mortgage.Any help is much appreciated. Assistant: You arent going to retire by 55.Human: After we sell our home and live in a simple condo we will. :  <response>: Not with 70k in savings, losing money to inflation every year. : 