(Closed) How much money do you need to retire?

posted 5 years ago in Money
  • poll: How are you doing on retirement
    20-40% : (0 votes)
    41-60% : (2 votes)
    20 %
    61-80% : (0 votes)
    80-100% : (6 votes)
    60 %
    other : (2 votes)
    20 %
  • Post # 3
    Member
    14317 posts
    Honey Beekeeper
    • Wedding: June 2011

    Would be nice if this link broke out how it calculated it’s results.  I’ve done similar speadsheets on my own with my estimations on portfolio growth, raises, vs inflation and expenses and determined that at the pace we’re going we’ll be more than ready to retire by 60, and hopefully quite a bit sooner than that, but we’ll have to see in a decade or 2 how things really pan out.  This site seems to agree saying that there is 100% chance of us hiting our goal.. woohoo!

    Post # 4
    Member
    383 posts
    Helper bee
    • Wedding: September 2013

    There is a 99.74% that I will reach my retirement goal, I feel pretty good about those odds.

    Post # 6
    Member
    6124 posts
    Bee Keeper
    • Wedding: August 2012

    I love trying different calculatros.  FIRECalc (http://firecalc.com/) is a very comprehensive model.

    99.72% to retire at 50/52!

    I had to lump several other accounts into the last section – not sure if that did it right though.

     

    Post # 7
    Member
    491 posts
    Helper bee
    • Wedding: July 2014

    Uhmmmm…..re-what? Pretty sure we’ll be working until we die. 

    Post # 8
    Member
    750 posts
    Busy bee
    • Wedding: December 2014

    99.78% chance we’ll make it! And that’s just with our employer’s 403B plan….we’re so young (22 and 24), we haven’t even invested anything else yet. Glad to see we’ll still make it if we’re consistent!

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