re: What are your goals?

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Kind of an open ended question I guess. I know a lot of you save a large percentage for retirement. Are you planning to retire rich? Early? Be. Able to travel once retired? Open your own business?

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I am on a 15 year plan, and, for all practical purposes, I am at zero net worth (it is complicated - I'm not insolvent, but, it is what it is).

I expect to draw a reserve retirement, for life, of roughly $2000 per month at age 59. I have valued that annuity at approximately $600k at that time. I work for the Federal Government and will have 18 years of service at that time, and be eligible for a FERS pension of, also, $2000 per month. I have a goal of approximately $300k in my TSP (currently, it is about 1/10 of that), plus another $100k in other savings/investments (currently, also about 1/10 of that). I intend to be 10 years paid on a 15-year mortgage on "Forever House", which should be financed, built and occupied in 5 years and change.

At 60, I will evaluate my overall health, functional level and job satisfaction. If everything it 5x5, I will probably work another 5 years and retire at 65, adding Social Security to my package, and saving the military retirement along the way, building up my additional savings and continue to grow the TSP. If all goes well, I will have an "effective" net worth of $1.6 million, and guaranteed income of over $6,000 gross for whatever 10 or 15 years I have left. (ETA: Debt free at 65, including "Forever House".)

At that point, we do whatever Garrison Commander wants, as long as it is within the budget.