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re: What is your target savings and age for retirement?
Posted on 12/30/16 at 3:00 pm to Ramblin Wreck
Posted on 12/30/16 at 3:00 pm to Ramblin Wreck
My goal is to have between 7-10 million and retire at 67. I am 35 now with 325k in the market and 2 rental properties that are 50% paid for. I am putting the max into my 401k and exploring additional rental property in 2017.
2
Posted on 1/1/17 at 8:24 pm to CaptainJ47
How are you going to get to7-10 million in your 401k in 20 years if you only have $325k in there? I hope you get there, but the numbers dont add up??
Posted on 1/3/17 at 10:58 am to CaptainJ47
quote:
My goal is to have between 7-10 million and retire at 67. I am 35 now with 325k in the market and 2 rental properties that are 50% paid for. I am putting the max into my 401k and exploring additional rental property in 2017.
if you can get to that level, you can retire much earlier than 67.
My plan is to retire in 30 months and 12 days (not that I am counting) @ 45 with 25x saved my current yearly spend. I will likely work part time/consulting, or off/on for another 10 years. I am currently at 19x yearly spend, and have a savings rate of 65% post tax.
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