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Author: JAFO31 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76418  
Subject: Re: 12 years to save and invest for retirement Date: 1/2/2002 3:11 PM
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hopetoretire100: "I am just now starting to plan for retirement. I am 53 years old and expect to have about $10,ooo to invest in the near future. My company offers a 401K but no company contributions. I think my best bet is to learn to invest in the stock market and attempt to obtain 30% return on investment. This may be an unrealistic goal but it seems like the best plan so far."

30% in 12 years is probably around 2.22% CAGR, easily doable (and too modest, IMO).

If you mean 30% per annum (or equivalent of 30% CAGR) for 12 years, then you probably ought to be thinking about Plan B. Hitting that kind of return for 12 consecutive years (or the eqivalent CAGR) would make you one of the best of the best --- even above Warren Buffett and Peter Lynch.

Regards, JAFO


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