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Message
re: Yes, another retirement thread - RE: How much you need to retire
Posted on 10/10/12 at 1:12 am to trident
Posted on 10/10/12 at 1:12 am to trident
quote:
I currently have $21,200 in my 401K and an contributing 10% with a company match of 5%. I make $85,000 a year. Will this be enough to retire on by 65? I plan on doing other retirement funds but am just curious. I am 28 BTW
Assuming a constant salary and consistent annualized 5% ROI through age 65 you'd have a little short of 1.5 million dollars.
1
Posted on 10/10/12 at 6:45 am to Dead Mike
quote:
Assuming a constant salary and consistent annualized 5% ROI through age 65 you'd have a little short of 1.5 million dollars
can the wife and i live off of that?
I really dont know
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