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re: Retirement Income Goals for planning purposes.

Posted on 1/13/24 at 9:11 pm to
Posted by Champagne
Already Conquered USA.
Member since Oct 2007
48670 posts
Posted on 1/13/24 at 9:11 pm to
quote:

I love these threads

Can I make it with only $10,000 after taxes to spend every single month???

I sure as hell hope so. If you can’t, you need to reign in the spending .


I'm trying to be a responsible person and plan for my future retirement. It's a serious responsibility. I apologize for any inconvenience.
Posted by UpstairsComputer
Prairieville
Member since Jan 2017
1590 posts
Posted on 1/13/24 at 9:26 pm to
I think the problem is, what you really should be asking yourself is would you be comfortable living on 10k/mo. now after taxes with no mortgage?

If the answer is "no", then you have your answer. If the answer is yes, then get your arse to $3.7m as quickly as possible. That would be my plan anyway...
Posted by ronricks
Member since Mar 2021
7245 posts
Posted on 1/14/24 at 10:00 am to
quote:

I'm trying to be a responsible person and plan for my future retirement. It's a serious responsibility. I apologize for any inconvenience.


You live in Louisiana which is a very poor state and you don’t know if $120k in retirement is enough?

There are people with families living in Louisiana on one third of that a year. If you lived in California, New York, or New Jersey I’d take you seriously but Louisiana?
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