No. of Recommendations: 0
KenBarton

Not to sound like a broken record, (do thirty year olds remember records?) but you are on the right track. I'm impressed with your forward looking plans for your future. I wish I'd had more of a vision like that when I was young.

My recomendations are somewhat different than many on this board.

I'm told I sound "preachy" because I recomend The Motley Fools Books. I think they are excellent and I recomend them. Lest I am acused of making the same mistakes I earlier was acused of, let me say that I consider reading these books a prerequsite to fulling understanding what I am about to say.

You may be in good mutual funds that beat the S&P 500 index. But generally, mutual funds do not beat the index. IMHO I think one should expect to do better than average. Remember the index is an average. The Motley Fools demonstrate several strategies that have historically beat the average. It requires a little more effort on your part but it apears to be doable.

If you can earn greater than 10%, you will be able to retire comfortabely at 55 if you save at the rates you intend to.

The simplest strategy, the Foolish Four, has historically returned over 20% per year.
When you retire, analysis has shown, based on history that you can sustainably withdraw 6% per year and maintain purchasing power (adjust withdrawals for inflation). To withdraw $50,000 per year you will need a portfolio of $833,000 in todays dollars.

Based on history, investing Foolishly should give you a return on average of over 20%. I think this should do the trick.

Others disagree with me and may even claim I am giving reckless advice here. I don't think so but its your choice. At least give the Motley Fools strategies a good looking at.

So I suggest you read the books, learn more and understand the risks associated with the strategies. Then decide for yourself.

Chuck
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