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age vs. money in the bank

Posted on 1/1/13 at 11:58 am
Posted by Teauxler
Baton Rouge
Member since Jan 2010
3317 posts
Posted on 1/1/13 at 11:58 am
How do you determine whether you have done well for yourself ? I understand there are many factors that could determine the answer but is there a simply way to do a self assessment ?
Posted by TrueTiger
Chicken's most valuable
Member since Sep 2004
68883 posts
Posted on 1/1/13 at 12:04 pm to
This is like the, "how long is a piece of string" question.

Everyone has a different measure of success. The only way I know is to ask yourself and be honest.
Posted by Cold Pizza
Member since Sep 2011
7639 posts
Posted on 1/1/13 at 1:14 pm to
If OT 10's continue to throw themselves at you as you get older and older, you are doing well.
Posted by NC_Tigah
Carolinas
Member since Sep 2003
124668 posts
Posted on 1/1/13 at 1:35 pm to
quote:

I understand there are many factors that could determine the answer but is there a simply way to do a self assessment ?
Rough ROT:

At age 35, you should have saved an amount equal to your annual salary.

At age 45, you should have saved three times your annual salary.

At 55, you should have five times your salary.

When you retire at age 67, you should have saved 8-10X your annual salary.
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