The Motley Fool Discussion Boards

Previous Page

Retirement Discussions / Retirement


Subject:  How much is enough? Date:  7/14/2000  11:18 AM
Author:  bether Number:  41 of 294

Warning: long post.

I posted this on my Rule Maker Seminar board, but thought it Foolish to get this board's comments as well...

I hear a lot of the emphasis on saving for retirement (which does need to be a priority), but once I know I'm okay with the amount I have in investments (401(k), Roth IRA, etc.) I don't want to be setting money aside for retirement at the expense of other legitimate needs. And, I guess I don't know when there is "enough" socked away for retirement.

I'm almost 30, and my husband and I have about $45k in retirement accounts of one form or another. (And he is still contributing to his current 401(k)). If we get a return of 10%, which I hope to beat, in 35 years we'll have almost half a million dollars. Even after Uncle Sam takes his share, that's still quite sufficient to live on! (And that's the minimum return I hope to get!)

So I guess my real question is, how do I know that I have enough for retirement so I can start directing some of the money that I could allocate for Roth IRA contributions, etc., toward saving for our next home, kids' college, etc.

We live below our means on my husband's sa