re: Realistic Retirement Amount and Age

Like others said - $2.5 million at 60 should be plenty but it depends on what you're accustomed to living on annually. If you're making $100k/year then that should be fine. If you're making $250k/year then you'll need some lifestyle changes.

It's all the concept of money in/money out and depends on how you manage your cash flow even in retirement. Judging by the fact that you're projected to have $2.5 million, you'll probably do a good job of managing it.


Currently I have a very similar projection of about $2.4 million but I have 30 years until retirement and it depends on how the market performs. I am assuming based on my current salary/employer match that a total of $15,000 will go into my 401k each year, and I'm assuming 8.0% - 8.5% annual return.

Not sure if it's reasonable, but it puts me in a better mindset of setting aside dollars each year.