The Motley Fool Discussion Boards

Previous Page

Retirement Discussions / FIRE Wannabees

URL:  http://boards.fool.com/perhaps-its-not-a-quotusefulquot-task-but-23650055.aspx

Subject:  Re: Poll: FIRE value as a multiple of gross inco Date:  2/2/2006  4:45 PM
Author:  winker Number:  3680 of 5084

Perhaps it's not a "useful" task, but it could be interesting. I was mostly interested in knowing what the average level was of the board. Do most people plan on getting much less in retirement, or do people plan on trying to match their current salary?

I figure on something around 60% of gross. I skim about 33% directly off the top for savings/retirement (and this doesn't even count the generous company match), another 7% or so goes for SS taxes that I won't be paying in retirement, and I still always have "extra" money at the end of each month anyhow.

Larry
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us