- 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
re: What is y'all's $ amount goal for retirement?
Posted on 10/21/14 at 3:22 pm to IT_Dawg
Posted on 10/21/14 at 3:22 pm to IT_Dawg
quote:
6M-$8M and no debt
shite, if I hit the lottery today for 6MM I don't see myself working any longer.
Hire someone to do some investing on my behalf and live a nice uppermiddle lifestyle.
0
Posted on 10/21/14 at 3:22 pm to white perch
For me, I don't want to set a number. I'm not a guy that will define myself by how much I've made at the end of my rope anyway, but I can say that I will never stop striving to hit a new mark or think up something new or take a calculated risk if an opportunity arises. One day it will be time to hang it up and enjoy the twilight I have left. Until then, I don't want to set a mark. If I hit the mark I MIGHT become content.
But if I had a gun to my head? 10 million, for starters!
But if I had a gun to my head? 10 million, for starters!
Posted on 10/21/14 at 3:22 pm to Topwater Trout
more
Posted on 10/21/14 at 3:28 pm to white perch
5,318,008
Posted on 10/21/14 at 3:31 pm to upgrayedd
I'm 61 and have $750K. My wife and I could retire to her home country, the Philippines, tomorrow and live just fine for the rest of our lives. Of course, she doesn't want to do this, which means I work until I:
A. Can get max SS $ or …
B. Die
A. Can get max SS $ or …
B. Die
Posted on 10/21/14 at 3:31 pm to white perch
quote:
2 million
Depends how liquid that is.
Do you have other recurring revenue? Rental income, dividends, SSI?
Are you in debt? House paid off?
Posted on 10/21/14 at 3:37 pm to white perch
3.8 million and have to 25 more years to work
Posted on 10/21/14 at 3:38 pm to white perch
I don't plan to ever fully retire
Posted on 10/21/14 at 3:38 pm to white perch
im shooting for 3.5 between my wife and I around 2042
Posted on 10/21/14 at 3:40 pm to white perch
Prolly 5 mill at least by then.
This post was edited on 10/21/14 at 3:41 pm
Posted on 10/21/14 at 3:41 pm to yellowfin
quote:
don't plan to ever fully retire
I would like to take this approach. If I could find a job that I actually like this might be an option.
Posted on 10/21/14 at 3:44 pm to white perch
In today's dollars, I think $2MM between myself and my future wife would suffice.
Posted on 10/21/14 at 3:47 pm to white perch
1 million (will yield around 40k per year invested and when you account for inflation). I will also have a pension, 401k, and wife's pension.
Posted on 10/21/14 at 3:50 pm to AUCE05
quote:
will yield around 40k per year invested and when you account for inflation
Conservative, but agree that is a good number to use to account for up and down economies.
Posted on 10/21/14 at 3:52 pm to white perch
Depends on what year I hit that big McDonalds monopoly money
Posted on 10/21/14 at 3:52 pm to yellowfin
quote:
I don't plan to ever fully retire
this.
I will never not be working
Posted on 10/21/14 at 3:58 pm to AUCE05
quote:
1 million (will yield around 40k per year invested and when you account for inflation). I will also have a pension, 401k, and wife's pension.
wouldn't your number include your 401k?
pensions are a little harder to determine a hard number on cause you can die tomorrow and it's worth $0
Posted on 10/21/14 at 4:01 pm to tgrbaitn08
You say that because you are healthy. I have had arthritis since my early 20s, and it will probably put me out of work in my 50s. Trying to stuff away as much a I can. Tons of people fail to take ther health into account when they start their retirement planning. But just assume you will have at minimum a minor issue.
This post was edited on 10/21/14 at 4:01 pm
Posted on 10/21/14 at 4:01 pm to white perch
quote:
What is y'all's $ amount goal for retirement?
1/2 of however much $ my mother has when she passes away, it will be plenty.
Posted on 10/21/14 at 4:02 pm to yellowfin
quote:
pensions are a little harder to determine a hard number on cause you can die tomorrow and it's worth $0
If I die tomorrow I ain't worried much about retirement.
Hopefully if someone is relying on their spouses income they have proper insurance to account for that loss.
Page 2 of 5
Popular
Back to top
Follow TigerDroppings for LSU Football News