re: What retirement savings balance is your goal, and by what age?

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We currently put just under $70,000/year

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Good. Lord.

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I'll also get a "raise" when we pay off med school and don't have a nanny.

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Oh wait. It makes sense now

I take a very simplistic view

I am 55 soon, 75 seems to be a realistic goal for the finish line based on my family history. 20 years is 7300 days. $500/day x 7300 days is 3.6MM.

I won’t get there (3.6MM) in a year from now and likely not in 10 years but I’m not working until 65. So I will have to set a strict budget for my retirement days (just like most people) and live simply

but I don’t have any bills (except my medical deductible) that I cant live without and we plan to entirely downsize and travel around the western US at a leisurely pace. I think we can make it work on whatever I have money wise for fifteen years (twenty would be a stretch)

my primary concern as the hourglass starts to run out is doing shite we like to do while we are physically able to do it

Lots of 30k millionaires exaggerating up in here

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Anybody else think they are doing good, just to come read the MT and get depressed?

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It's an anonymous board. I truly doubt most of the numbers being presented as facts. With that said, anything is possible.

I'm on track for about $2.2M at 59.5 and that will be more than enough to live out the rest of my life. I have no one to leave any real inheritance to, spread mine out among our church and a couple of humane societies for whatever is left. At $2.2M, I can withdraw 5% and still have enough for 30 more years, which will more than last to my death.

Your baseline projection is based on spending $15,000/m $182k/yr? Not accounting for SS either. And you're just not going to make that ambitious goal so "F it we'll live on less".

Yes, that's a very simplistic and almost useless retirement projection model but good luck.

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Lots of 30k millionaires exaggerating up in here

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Maybe...who gives a shite. I have no reason to exaggerate. I don't give a shite if anybody believes me or anyone else. It's a goddamn message board. I take each poster at face value and over years...you figure out who knows their shite and who don't. Just like when Hawgeye tipped me off to matador, I know from time and experience, that dude knows his shite about oil and gas. Now I did my DD, but I wish I would've just bought it when he told be. I did damn well getting in at about $1.80...his arse got in at like $1.10-$1.20. shite's been over $13 and staying above $12. Not to mention the only loss they had this year was 2nd quarter I believe when they cut production and focused on repairs and acquiring more offshore to diversify from shale. It's one I'd be able to retire on. And I'm gonna keep buying on drops.

Now I could have written him off years back from the Arkansas board talking about being a big donor, having inside info on coaching hires etc. But I didn't. And come to find out he knows who I am but won't tell me who he is, but I've narrowed it down to about 3-4 folks since he slipped that his grandpa was from Smackover and in oil and gas. Long story short, they are ALL rich AF. And still big in the oil and gas industry. So if he tips the board off to something related...buy that shite. Do your DD, but he knows his shite. That's just one example.

I do too (and thanks!) but Alzheimer’s haunts my family on both sides. Like anything else it’s part of my risk assessment

It’s a matter of, quite literally, that I likely can’t “take it with me”.
not to be morbid but my wife has strict instructions on what to do when/if it happens. Until then I intend to live large away from home and live miserly at home. This years returns have made a major improvement to my progress

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Actually, you're wrong. The people who like to post here about how rich they are generally do not share any useful information. Maybe you can be the first.

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Typically, you are correct. And I have. I have never professed to being a stock guru and I don't trade. I buy and hold. But anyone that listened to me early on about STLHF has done WELL. And because of dipshits, I didn't bring it to the board. I only chimed in after someone I did a new hire physical on for them asked about the company.

Disclaimer-sometimes I have flashbacks to the OT and even Poli board. I'm actually pretty cool IRL, but I have to be nice and deal with the public and listen to everyone's woes and ailments, so sometimes it's therapeutic to go online and be a pompous a-hole. I fricking love haters and downvotes. I can just envision them pounding away at the keyboard all fricking red faced and about to stroke out while I'm sitting back laughing my arse off and enjoying a beer. Yeah...I'm a a-hole sometimes. All caps for emphasis. But I really do have a few redeeming qualities.

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Anybody else think they are doing good, just to come read the MT and get depressed?

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Are you putting money aside?
Just get the money into something as early as possible. Time value of money takes time.

I'm no high roller. I started late in my opinion (27). But the last 7 years has put me in a position where I can at least see a finish line (which I never define. I'm just doing my best). I'm 43. Net wealth is basically doubling about every 3 to 4 years. Retirement is doubling every 4 to 6 years.

Up to now, as I make more I have been able to put aside more. That may change as kids get to college (kids are paying for their own college, but that doesnt mean I wont be assisting and trying to set them up for success). The fact that I have built up as much as I can the past 7 years makes me feel that I can let off the gas if need be and still keep moving forward with growth.

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I do too (and thanks!) but Alzheimer’s haunts my family on both sides. Like anything else it’s part of my risk assessment

It’s a matter of, quite literally, that I likely can’t “take it with me”.
not to be morbid but my wife has strict instructions on what to do when/if it happens. Until then I intend to live large away from home and live miserly at home. This years returns have made a major improvement to my progress

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Gotcha, but get routing mental status screenings. Exercise that brain, which you obviously do. I enjoy you stock tips/rec's. And don't be afraid to start aricept early. Unless it gives you the shits or some other side effect, it can delay progression by up to 10 years. And the earlier started the better. Anyone I have with strong FH, this is my advice in addition to nutrition, lifestyle, SLEEP!!!!! (good sleep and screen for sleep apnea and other sleep disorders). Just my opinion, by all means check with your doc and if they are knowledgeable in it, get with a neurologist that deals with it. Many don't want to.