Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev | Next
Author: SRenaeP Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 5068  
Subject: How to calculate FIRE amount??? Date: 10/15/2007 3:03 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
My goal is to FIRE at age 50 (DH will be 53). While we save an okay amount of money (20+% of gross), I do feel like we could save more. Also, it's hard to get an accurate gauge of how much we will really need in retirement. Of course all the retirement calculators I use give vastly differing amounts. Any ideas of how to get a more accurate estimate?

Assumptions for retirement include - SS will not exist for us, no debt including mortgage, decent pension for DH (19% of current household salary), okay pension for me (7% of current household salary) and retiree medical benefits from DH's employer. Our current net worth (excluding home) is ~1.8x current salary. We are 31 and 34.

-Steph
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev | Next

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! 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.
Advertisement