Message Font: Serif | Sans-Serif
No. of Recommendations: 3
Hi Monica,

Congratulations on DD !!! And also for doing so well financially. My gut tells me you two will be just fine.

Currently you have $195,000 saved for retirement. Assuming a 6% return on your investments, if you only contribute $8k more per year for the next 19 years you will end up with $867,199.83.

I'm guessing that you will save more than $4k per year once you go back to work. Plus, you will have a pension and social security.

The nice thing about planning for an early retirement is if you fall short of your goal you can choose to work a couple more years to make up for it.

Best of luck,


Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.