My retirement fund that I just started was worth $15k in December of 2021. Then, May of 2022, our area was hit really hard. My retirement plan went down to $7k. Today, it’s worth $11k. I lost $4k on my retirement plan. It’s invested in total market funds, some tech, some big cap companies, and healthcare. But every sector has been ravaged by the stock market changes.
Retirement is a financial state. Set a goal and work until you get there. Diversify your investments and basically just ignore the market.
Unless there is a total collapse of the economy you’ll be fine and if there is a total collapse it’s unlikely you were in a position to captialize on it anyway.