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Started By
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Retirement Account Goals?
Posted on 8/16/26 at 9:43 am
Posted on 8/16/26 at 9:43 am
Been on an AI bender modeling account balances over the next 10/15yrs using current balance growth + future contributions and the likes.
I'm curious where the MT wants to be at 55/60/65? Do you have a number goal at each point and one to where you say "frick it, I'm done and will live off draining it".
I'm curious where the MT wants to be at 55/60/65? Do you have a number goal at each point and one to where you say "frick it, I'm done and will live off draining it".
This post was edited on 8/16/26 at 9:44 am
16
Posted on 8/16/26 at 9:53 am to Boomer Rick
quote:
Rough week of work?
Not at all... Just curious.
Posted on 8/16/26 at 9:54 am to Lsut81
quote:
I'm curious where the MT wants to be at 55/60/65?
Alive and most importantly, healthy.
Posted on 8/16/26 at 10:10 am to Lsut81
Like total net worth at retirement? Or just the total of retirement accounts?
Posted on 8/16/26 at 10:11 am to Lsut81
Doesn’t matter if you aren’t alive to withdraw your money.
I’m shutting it down at 50-52 regardless of what account says. I am 46 and have been maxing 401k/HSA/Roth since 2005.
I’m shutting it down at 50-52 regardless of what account says. I am 46 and have been maxing 401k/HSA/Roth since 2005.
Posted on 8/16/26 at 10:12 am to Lsut81
quote:
I'm curious where the MT wants to be at 55/60/65?
On the golf course with my wife/kids/grandkids
This post was edited on 8/16/26 at 10:13 am
Posted on 8/16/26 at 10:23 am to ronricks
quote:
Doesn’t matter if you aren’t alive to withdraw your money. I’m shutting it down at 50-52 regardless of what account says. I am 46 and have been maxing 401k/HSA/Roth since 2005.
I’ve got a ton of vacation and flexibility at my current job. I’m not sure I will want to shut it down completely at 50 in 5 years. Maybe 55 but I want more time in the market to let my nest egg grow.
Posted on 8/16/26 at 10:26 am to Lsut81
quote:
Do you have a number goal at each point and one to where you say "frick it, I'm done and will live off draining it".
We didn't really set any goals. We just saved as much as we could while still enjoying our life. Fortunately by favorable market returns and a buy and hold strategy we watched our savings grow. As the balance increased we then said we can retire by this date. When we hit the number to feel safe, we pulled the trigger.
Posted on 8/16/26 at 11:07 am to TheOcean
quote:
just the total of retirement accounts?
Just retirement...
Ran a scenario, at 4m in retirement accounts earning at vanguard historical avg, you could pull nearly 350k a year for 30yrs (not including inflation).
Thats just crazy knowing you should be in the later stages of a mortgage and the likes in your 60s, so you've basically got 15k a month after taxes in pissing money, not including if you get SS.
Posted on 8/16/26 at 11:13 am to Lsut81
3 million is my goal in 5/8 years
Posted on 8/16/26 at 11:34 am to Lsut81
Plan to retire at 59.
Assuming 3.5 withdrawal rate from portfolio. Yes, it’s conservative.
Home will be paid off. No debts.
Then based on my portfolio assets, wife pension, and later collect social security that is the lifestyle I will lead.
I have always lived below my means. I’ve never been one to buy expensive things just because I can afford it. Most people do make purchases to impress other people. But the truth is no one cares what you are doing.
Assuming 3.5 withdrawal rate from portfolio. Yes, it’s conservative.
Home will be paid off. No debts.
Then based on my portfolio assets, wife pension, and later collect social security that is the lifestyle I will lead.
I have always lived below my means. I’ve never been one to buy expensive things just because I can afford it. Most people do make purchases to impress other people. But the truth is no one cares what you are doing.
Posted on 8/16/26 at 12:05 pm to Lsut81
I'm at about 700k in retirement accounts at 38. I put about 60k in them each year. So maybe 4 to 5m by 50? Don't know, don't really keep track
Posted on 8/16/26 at 12:07 pm to Lsut81
Retire at 62. I will have 4mil in retirement anccounts and a 2 pension house hold. Investment account should have slightly over 1mil. Expect to conservatively get 30k a month min.
Posted on 8/16/26 at 12:23 pm to Lsut81
quote:
We just saved as much as we could while still enjoying our life. Fortunately by favorable market returns and a buy and hold strategy we watched our investments grow. When we hit the number to feel safe, we could pull the trigger.
Did this most of working life. Pulled trigger earlier this year.
Looking back, I would instead calculate retirement cash flow needs in three buckets: go years, slow go years and no go years.
Then calculate the nest egg size needed rather than to just aim for large nest egg number.
Why?
We invested too much. We could have achieved amazing retirement lifestyle with less years accumulating (tax deferred / RMD tax bomb awaits / reduction intervention now in play).
I think many people need less than they think.
When entered early 50s, time & health meant even more. Trading both for more nest egg, that made little difference to retirement lifestyle in long run, did not make sense.
Keep that taxable account healthy. It can give you more work / retirement optionality sooner.
Of course, healthcare! Critical too.
Good luck!
This post was edited on 8/16/26 at 12:24 pm
Posted on 8/16/26 at 12:45 pm to Lsut81
$5MM liquid is the point at which I just do what I wanna do. Incl retirement
This post was edited on 8/16/26 at 12:51 pm
Posted on 8/16/26 at 1:05 pm to Lsut81
Im 43 and have about $1.5m in retirement accounts and another ~$400k in brokerage and cash ….payoff mortgage at 50
Goal is to “retire” from corporate work at 50 and do something I enjoy
Hoping to have a $1m brokerage/cash by then and use that as a bridge to retirement accounts at 59.5 … retirement accounts should be close to 6 million by then
Goal is to “retire” from corporate work at 50 and do something I enjoy
Hoping to have a $1m brokerage/cash by then and use that as a bridge to retirement accounts at 59.5 … retirement accounts should be close to 6 million by then
Posted on 8/16/26 at 2:09 pm to Lsut81
Yea but who at 60ish is being this risky?
Wouldn’t you want more stable 4% growth with minimal risk?
Wouldn’t you want more stable 4% growth with minimal risk?
Posted on 8/16/26 at 2:10 pm to TheOcean
wtf do you people
Do to sock away $60k:yr???
Do to sock away $60k:yr???
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