- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
0
Posted on 10/6/21 at 8:56 pm to TDsngumbo
I use 7% for my calculations. With that, my wife and I should be able to achieve 8 figures by our late 50's with our current savings rate.
Posted on 10/7/21 at 8:32 am to TDsngumbo
It's impossible to know what future returns will be, but the S&P averaged around 10% over the past 90 years, and near the same for the last 30 years, but considerably less for 10 year periods following periods of high valuations. (like now) Ten year capital market projections from Vanguard and Blackrock anticipate extremely low returns for the next 10 years. With inflation currently at 5.3% (the administration claims this is a temporary blip) and junk bond index yields at just over 4% taxable, I consider any after tax return above inflation to be a big win over the next decade. I also have chosen to be a moderate risk investor as I plan to retire in approximately 5 years.
Posted on 10/7/21 at 10:59 am to TDsngumbo
I plan to die on the job
Posted on 10/7/21 at 11:00 am to TDsngumbo
Because you have to use the Weighted Average Return. If you go up 20% one year and lose 20% the next the average is zero, but in reality you’ve lost 4%. Stock market over time hasn’t averaged 12%. Plus, are you going to be 100% equities when you’re 60?
Posted on 10/7/21 at 11:05 am to el Gaucho
Work for a couple more decades and your feelings may change.
Posted on 10/7/21 at 11:24 am to TDsngumbo
quote:Damn.
I’ll be sitting at around $3,500,000 in retirement, not including my wife’s pension of around ~$45,000/year in retirement.
Posted on 10/7/21 at 12:43 pm to GEAUXT
quote:
I use 7% for my calculations. With that, my wife and I should be able to achieve 8 figures by our late 50's with our current savings rate.
I am very fortunate. I had a couple of very lucrative gigs early in my career and have been maxing out my 401k 7/8 years in my career. Also have my Roth and HSA maxed out.
Even more fortunate, my wife makes good money and is more financially savvy than any woman I know.
With 6%, we are slated to retire at 55 with just over 7M, or if we went to 65 each, in the 8 figure club.
Adjusted for current inflation and monetary policy, we should have enough savings to get us through about 3.50 years.
This post was edited on 10/7/21 at 3:34 pm
Posted on 10/7/21 at 1:26 pm to lynxcat
quote:
Hope to have 8 figures but don’t need that much
That’s my new goal. Original goal was for 5 and I’m currently on pace for 6.5 not counting real estate investments and the potential sale of my business.
I fully expect to spend more in retirement (at 65) than I do now.
Posted on 10/7/21 at 1:29 pm to SippyCup
I always forget that I do my numbers in real % terms, so they’re always much lower than I see on here.
Posted on 10/7/21 at 1:37 pm to fjlee90
quote:
we are slated to retire at 55 with just over 7M, or if we went to 65 each, in the 10 figure club.
You gotta let us in on what you are looking at that you think could get you from 7 million to a billion in 10 years!
ETA, or maybe I missed the obvious goof post tipoff.
quote:
enough savings to get us through about 3.50 years.
This post was edited on 10/7/21 at 1:41 pm
Posted on 10/7/21 at 3:37 pm to fjlee90
quote:
Even more fortunate, my wife makes good money and is more financially savvy than any woman I know.
What do you and your wife make each roughly?
7M is a very nice retirement egg.
Posted on 10/7/21 at 3:46 pm to TDsngumbo
quote:You aren't going to come close to 12% on returns unless your beta tolerance is off the charts. I'm talking vomit-inducing. I trade commodities futures using leverege and its taken me 20 years to be able to sleep at night. Over 80% of my trades are losses. But the other trades
I started a little late and also have gone three years without contributing anything due to self employment but I just did the calculations and if I average a 12% return until I retire, I’ll be sitting at around $3,500,000 in retirement, not including my wife’s pension of around ~$45,000/year in retirement. I realize that’s a good bit less than many others however it’s also a hell of a lot more than I would’ve thought when I first started saving 10 years ago. I’ve averaged about 40% over the past five years (thank you, Trump) but am counting on an average of 12% from here on out.
Mutual funds are your friend. High beta is like crack.
Posted on 10/7/21 at 4:37 pm to LordOfDebate99
quote:
What do you and your wife make each roughly?
7M is a very nice retirement egg.
Enough for each of us to put away the IRS limits for 401k, Roth, and a family HSA.
It takes less income than you would think to do that. We aren’t OT rich by any means.
Posted on 10/7/21 at 6:51 pm to fjlee90
Well no offense but you aren't making that much if you can do roth.
Posted on 10/7/21 at 8:56 pm to el Gaucho
quote:
I plan to die on the job
Come on, bro, you loaded with SLI and budding music career.
I would post from real life results and exiting the work force mighty early but the down votes would ensue. This farcical monetary policy won't last forever, or will it? Posted on 10/7/21 at 9:22 pm to TDsngumbo
At 50, wife and I have $4.5 in savings. Continue working and saving and should have $8M in 8 years. We’ve been maxing out two 401Ks for almost 20 years, in addition to other savings every year.
Posted on 10/7/21 at 9:47 pm to PetroBabich
quote:
If my current models are right I'll retire with about 3.50.
He's not asking for pecker size at retirement.
Posted on 10/7/21 at 10:03 pm to lsu777
quote:
Well no offense but you aren't making that much if you can do roth.
Pretty much my point. You can retire with a quality nest egg if you manage your household finances appropriately.
Not trying to come across as bragging about income. And I don’t want people to think that we are doing something extraordinary. It’s very much achievable.
Posted on 10/8/21 at 6:41 am to fjlee90
quote:
You can retire with a quality nest egg if you manage your household finances appropriately.
key is starting early. i still think crypto is a much better overall investment, but i get why people mainly just do traditional avenues.
Page 3 of 4
Popular
Back to top
Follow TigerDroppings for LSU Football News