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Retirement Discussions / FIRE Wannabees

URL:  http://boards.fool.com/id-say-your-way-ahead-of-the-average-folks-but-26249095.aspx

Subject:  Re: Am I on track? Date:  1/4/2008  11:06 AM
Author:  whyohwhyoh Number:  4541 of 5084

I'd say your way ahead of the average folks, but I'd look into increasing your savings each year. Assuming $9k in savings and 8% growth rate you are looking at around $1,000,000 in 23 years, in todays dollars. Will be less with inflation.

Without a home paid off, $1,000,000 will be tough to retire on at age 55, but possible. Depends where you want to retire, and what standard of living you are looking for.

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whyohwhyoh
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