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re: What is your target savings and age for retirement?

Posted on 12/30/16 at 6:39 pm to
Posted by OneMoreTime
Florida Gulf Coast Fan
Member since Dec 2008
61840 posts
Posted on 12/30/16 at 6:39 pm to
Assuming ~5% gains, you need to invest a little more than $10k every year to hit that.
Posted by Jake88
Member since Apr 2005
70824 posts
Posted on 1/1/17 at 8:41 am to
I'm investing a bunch annually since 1998 and it doesn't seem to be growing as people in this thread suggest it should. Well into five figures annually with the company match and other personal accounts. I thought I could hit over 5 MIL at retirement but have yet to hit one, and not that close. Invested in about 12 blue chips with dividends, index funds, Contra, and some other sector funds that seemingly have done well. I'm 45 and don't see it happening.
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