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Author: JABoa Big gold star, 5000 posts Feste Award Nominee! Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76089  
Subject: Re: New investor, am I on the right track? Date: 11/6/1999 5:13 PM
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In my opinion, it is barely feasible. You are talking about putting away something like $4000 a year, and yearly payments of that amount, if you can earn 10% per annum on them, will produce $400,000 total in round numbers in 25 years when you are 55.

Suppose then you plan to die at age 85. Then, with a slightly lower interest assumption, you are looking at a payout of maybe $2750 a month. This number has you dying with $0.00 in your estate.

Again in my opinion, I think it's great that at your age you are putting away as much as you are, and thinking for the future. Chances are you'll have more to save later, when (we expect) your income increases. I think you're really on the right track.
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