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Author: alaskack Big red star, 1000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75650  
Subject: Re: The myth of the $1 million retirement Date: 5/1/2006 8:00 PM
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It is nice to know this, but the risk is not costless. You might work for far longer than you otherwise would need to, costing your self the the early years (and possibly a lot) of your retirement time.

Regards, JAFO


Hi JAFO,

Shouldn't be a problem. Retirement for me is at 60, whether I hit my goal or not. What the knowledge does for me, is that I won't worry and stress as much about reaching the 90-100% goal, since I'll likely be comfortable at 70-80% level. I've always thought retirement at this level was doable, but with pundits saying you need 100% of current income at retirement, it caused me to shoot for the higher goal.

Calvin
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