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re: What retirement savings balance is your goal, and by what age?
Posted on 1/2/21 at 2:09 am to SmackoverHawg
Posted on 1/2/21 at 2:09 am to SmackoverHawg
Between the two of us (48/52), we max out our 401K's and IRA's (about 60K) as well as put probably another $20K into a trading account annually for about an $80K / yr investment.
I already receive about $4600/ month from my military retirement now. The plan is to work another 7 / 10 yrs at current savings rate, putting me at 55ish.
We have been and will continue to be very aggressive with out accounts; it has paid off handsomely thus far.
My end numbers put us north of 5M in cash NOT including my current retirement or real estate (1.1M) I own.
I already receive about $4600/ month from my military retirement now. The plan is to work another 7 / 10 yrs at current savings rate, putting me at 55ish.
We have been and will continue to be very aggressive with out accounts; it has paid off handsomely thus far.
My end numbers put us north of 5M in cash NOT including my current retirement or real estate (1.1M) I own.
1
Posted on 1/2/21 at 9:51 am to oneg8rh8r
quote:
Between the two of us (48/52), we max out our 401K's and IRA's (about 60K) as well as put probably another $20K into a trading account annually for about an $80K / yr investment.
I already receive about $4600/ month from my military retirement now. The plan is to work another 7 / 10 yrs at current savings rate, putting me at 55ish.
We have been and will continue to be very aggressive with out accounts; it has paid off handsomely thus far.
My end numbers put us north of 5M in cash NOT including my current retirement or real estate (1.1M) I own.
Damn good. And thanks for your service BTW.
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