I don't think this is a really realistic goal for those of us who didn't start working at age 22. Lets take another (probably more common) situation.... You are 26 when you get your first job after graduate school and you owe $100k in student loans (usually means about $1k for monthly payments). Should we mention that although, yes, theoretically you will be likely more than some of your counterparties that did not go to graduate school - you have student loans AND you pay more taxes.... It wouldn't even be possible for me to save about 30% or even 25% of my salary... I don't own a car, I don't take fancy vacations, I cook almost every meal....
I think that some of these authors put so much pressure on you to be saving THIRTY PERCENT. that is insane. so basically, you work hard to get a good paying job in which, even though it is good paying, you have to save SO HARD that you cannot even enjoy your life.... Pretty Skewed system.
Might I also add the elephant - those recommending us to save 30% are also the ones that make money when we save money (the management fees thing)....
At the end of this year. I will be 50 this month and lost my husband of 15 years a little over 2 years ago. THAT puts a whole lotta stuff into perspective.
Priorities get aligned very quickly when you are dealt such a hand and I realized that work is very low on my list. We don't need a lot of income but I'm really looking forward to getting rid of stress-related aches and headaches.
Um, tomorrow? No, realistically I have so long until I retire (I'm 33) that's it's hard for me to imagine. My mom is 64 and probably going to retire this year, so mid-60s seems reasonable. But if I can pay my mortgage off early maybe I could go down to part-time before then.
We will retire in about 5-10 years. DH is almost 57 and I'm 54. DD is still in middle school and it would be more comfortable to retire after she's done with college. However, we're in very good shape right now and a lot depends on the work situation. We will move out of state once we do retire; NJ is very expensive.
My goal was 66 but things became very, very stressful at work. Although I have been looking for another job apparently no one is looking for me. I consider myself retired now.
Hi Nicole! The first entry method is just using the PlanwiseConnect widget at the top of this article to figure out how much home you can afford. Let me know if that clears it up!
When my hubby and I are in our mid to late 60's, I think. Who knows if SSecurity will even be around then, so we'll have to make sure we can take care of ourselves.
The point is that they NEVER send the stripped-down gray market body, if you don't fall for their bait-and-switch or accessory scams. I spent six weeks calling them and being promised that "the shipment arrives tomorrow, and your camera will be sent right out" until they finally admitted that they weren't promising that the camera would ever be available.
My magic number is 63. I'm not one of those people who want to retire early. I want to maximize my benefits as much as I can but not wait too long that I can't enjoy it.
Started cycling again for fun as an adult in the early 90s.
One thing led to another, and now the only times I don't ride are in horrible weather (cold and light rain alone are not "horrible"), when I need to be dressed up for some reason, or when I'll be carrying stuff that can't go on a bike.
The biggest reason I don't bike more is the lack of secure parking.
My local H&R Block office was very helpful when I had some questions in the off-season. Some good advice now will make next years return a little easier.
Id like to retire at 60
I would love to take an early retirement to travel to new lands, explore the world and enjoy the life I've built. My goal is 53.
I don't think this is a really realistic goal for those of us who didn't start working at age 22. Lets take another (probably more common) situation.... You are 26 when you get your first job after graduate school and you owe $100k in student loans (usually means about $1k for monthly payments). Should we mention that although, yes, theoretically you will be likely more than some of your counterparties that did not go to graduate school - you have student loans AND you pay more taxes.... It wouldn't even be possible for me to save about 30% or even 25% of my salary... I don't own a car, I don't take fancy vacations, I cook almost every meal....
I think that some of these authors put so much pressure on you to be saving THIRTY PERCENT. that is insane. so basically, you work hard to get a good paying job in which, even though it is good paying, you have to save SO HARD that you cannot even enjoy your life.... Pretty Skewed system.
Might I also add the elephant - those recommending us to save 30% are also the ones that make money when we save money (the management fees thing)....
I would like to continue to volunteer.
57 would be my retirement-age goal
At the end of this year. I will be 50 this month and lost my husband of 15 years a little over 2 years ago. THAT puts a whole lotta stuff into perspective.
Priorities get aligned very quickly when you are dealt such a hand and I realized that work is very low on my list. We don't need a lot of income but I'm really looking forward to getting rid of stress-related aches and headaches.
Um, tomorrow? No, realistically I have so long until I retire (I'm 33) that's it's hard for me to imagine. My mom is 64 and probably going to retire this year, so mid-60s seems reasonable. But if I can pay my mortgage off early maybe I could go down to part-time before then.
I would love to retire right now if I could lol.
I would love to be retired by age 60 (if not earlier). I definitely want to travel as much as possible in my retirement.
If I continue to save and invest at my current rate, I should be on track. Of course, this assumes nothing crazy happens with the market!
I would like to retire by the time I'm 50 (or sooner!) I think I'm on track!
We will retire in about 5-10 years. DH is almost 57 and I'm 54. DD is still in middle school and it would be more comfortable to retire after she's done with college. However, we're in very good shape right now and a lot depends on the work situation. We will move out of state once we do retire; NJ is very expensive.
My goal was 66 but things became very, very stressful at work. Although I have been looking for another job apparently no one is looking for me. I consider myself retired now.
I want to retire as soon as possible but will probably never be able to retire. I want to do absolutely nothing when I retire - just relax.
Hi Nicole! The first entry method is just using the PlanwiseConnect widget at the top of this article to figure out how much home you can afford. Let me know if that clears it up!
When my hubby and I are in our mid to late 60's, I think. Who knows if SSecurity will even be around then, so we'll have to make sure we can take care of ourselves.
The point is that they NEVER send the stripped-down gray market body, if you don't fall for their bait-and-switch or accessory scams. I spent six weeks calling them and being promised that "the shipment arrives tomorrow, and your camera will be sent right out" until they finally admitted that they weren't promising that the camera would ever be available.
I'd like to retire by the time I'm 65 -- that said, I'm aiming for the academic sphere, so I figure I'll hang around for a while.
We don't ever want to fully retire. We'd like to at least continue working in a part-time capacity.
I want to retire when I am 65 years old. I can not wait.
I really enjoy the book by William Oneal, I think it gives the best combination of value and technical investing.
My magic number is 63. I'm not one of those people who want to retire early. I want to maximize my benefits as much as I can but not wait too long that I can't enjoy it.
I would like to retire in my 50s
Started cycling again for fun as an adult in the early 90s.
One thing led to another, and now the only times I don't ride are in horrible weather (cold and light rain alone are not "horrible"), when I need to be dressed up for some reason, or when I'll be carrying stuff that can't go on a bike.
The biggest reason I don't bike more is the lack of secure parking.
Dogs don't sweat.... The rest is pretty nifty though
My local H&R Block office was very helpful when I had some questions in the off-season. Some good advice now will make next years return a little easier.