- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
0
Posted on 9/12/12 at 3:44 pm to TheHiddenFlask
quote:
IF you did that from age 18 to 68, assuming a lofty ROR of 8%, you would have just under $4,000,000 saved by retirement.
That's a really big if. Most people aren't saving for retirement at 18
And if they are, they probably can't afford to put 500 away a month
Posted on 9/12/12 at 3:54 pm to TheHiddenFlask
quote:
FIFY.
Drinking like a banker is expensive.
Posted on 9/12/12 at 4:58 pm to foshizzle
quote:For an older person obviously. For a youngin' that's a decent start.
I don't think $500/month for retirement is anywhere close to enough.
My personal feeling is that we'll see true financial system armageddon before we see retirement, so all of our savings will be a waste of time.
Models and bottles baby.
This post was edited on 9/12/12 at 5:23 pm
Posted on 9/12/12 at 8:09 pm to STBTigerr
quote:
What percentage of your gross income do you put in retirement?
If I count my kids 529 then about 24%.
Posted on 9/12/12 at 8:18 pm to TheHiddenFlask
quote:
$590 per month...$864 per month...$4,400 /month.
Is any of that gonna be worth much in say 2036 when I retire? I figured I'd need more than my current net income per month 24 years from now when I retire. Those don't come close.
Posted on 9/12/12 at 8:27 pm to Jake88
quote:
Is any of that gonna be worth much in say 2036 when I retire? I figured I'd need more than my current net income per month 24 years from now when I retire. Those don't come close.
I inflation adjusted those figures to be presented in todays dollars.
If unadjusted for inflation, the $590 figure would be $4,150 per month.
Posted on 9/12/12 at 8:42 pm to TheHiddenFlask
So if someone made 4400/month now they'd have to make 30800/month 24 years from now to stay the same?
Posted on 9/12/12 at 9:07 pm to STBTigerr
quote:
Just thought I'd share this. Got it in a USAA magazine yesterday.
I honestly wonder if the person who made this budget allocation is some college kid who just arbitrarily made shite up
Posted on 9/12/12 at 10:37 pm to Jake88
Away from my work compute with the model I drew up, but off hand: no. That's over the course of 50+ years.
Posted on 9/13/12 at 7:29 am to TheHiddenFlask
quote:
For a more realistic projection, bringing ROR to 6%,
My dad is nearing retirement and all the guys he talks to want to use 4%, at 6% he'd be fine. Hell at 6% he would never touch principal.
Page 2 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News