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re: How old are you and how much goes toward your retirement each month?

Posted on 12/11/21 at 12:42 am to
Posted by LSUtigerME
Walker, LA
Member since Oct 2012
3806 posts
Posted on 12/11/21 at 12:42 am to
quote:

I am 36 years old and would like to retire at age 62.

It’s much easier to work backwards. How much will you need in retirement? Everyone’s needs will be different based on lifestyle choices.

I don’t contribute enough right now. Will bump my 401k contribution 1-2% come February after annual raise.
Posted by supadave3
Houston, TX
Member since Dec 2005
30282 posts
Posted on 12/13/21 at 7:39 pm to
quote:

How much will you need in retirement? Everyone’s needs will be different based on lifestyle choices.


This is something that makes it hard to plan for me and hard to filter out advice for situations that are very different than mine.

I don’t have kids so I don’t have to support anything when I’m older or have to leave as an inheritance. My life has turned out way different than I originally thought.
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