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re: Yes, another retirement thread - RE: How much you need to retire
Posted on 10/5/12 at 8:19 am to Powerman
Posted on 10/5/12 at 8:19 am to Powerman
Bumping this thread for this article which contains a similar "milestone approach" to the table I posted above. (These are basically the same as what I posted until age 45 and then less aggressive from there.) Should be fairly easy for most guys on here:
Milestones
1x — Reach age 35 with one times your annual salary saved.
3x — By 45, accumulate three times your salary.
5x — When you are 55, your savings should have risen to five times your salary.
8x — You are there. It is age 67.
LINK
Milestones
1x — Reach age 35 with one times your annual salary saved.
3x — By 45, accumulate three times your salary.
5x — When you are 55, your savings should have risen to five times your salary.
8x — You are there. It is age 67.
LINK
3
Posted on 10/5/12 at 8:27 am to K E V 8 4
Well, looking at it that way, it makes me feel better. My wife and I are close to being at our annual salary and are 30. Just running some rough estimates using an average of what we have saved the past 5 years and we are looking good.
And we are NOT most guys on here.
quote:
Should be fairly easy for most guys on here
And we are NOT most guys on here.
Posted on 10/5/12 at 9:08 am to K E V 8 4
I'm not one of the "over savers" like many on this board are, but those numbers are much too low IMO.
Posted on 10/5/12 at 5:57 pm to K E V 8 4
quote:
Bumping this thread for this article which contains a similar "milestone approach" to the table I posted above. (These are basically the same as what I posted until age 45 and then less aggressive from there.) Should be fairly easy for most guys on here:
Milestones
1x — Reach age 35 with one times your annual salary saved.
3x — By 45, accumulate three times your salary.
5x — When you are 55, your savings should have risen to five times your salary.
8x — You are there. It is age 67.
These figure look a bit low. Is this net worth or money saved in retirement accounts and not including residence. If the former, I would be way ahead. If the latter, I'm not sure since I have yet to buy permanent residency.
This post was edited on 10/5/12 at 5:59 pm
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