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re: age vs. money in the bank
Posted on 1/1/13 at 1:35 pm to Teauxler
Posted on 1/1/13 at 1:35 pm to Teauxler
quote:Rough ROT:
I understand there are many factors that could determine the answer but is there a simply way to do a self assessment ?
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.
2
Posted on 1/1/13 at 1:44 pm to NC_Tigah
quote:Did that X 4.
At age 35, you should have saved an amount equal to your annual salary.
quote:Did that X 8.
At age 45, you should have saved three times your annual salary.
quote:Did that X 15.
At 55, you should have five times your salary.
quote:I'm a ways off from that age, but I've already done it X 12, assuming I don't lose my arse in the stock market anytime soon.
When you retire at age 67, you should have saved 8-10X your annual salary.
How am I doing, boss???
Posted on 1/1/13 at 3:40 pm to NC_Tigah
Are we talking net worth or savings?
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