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Author: GreatVintage1965 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 75383  
Subject: Re: Balancing Portfolio Date: 4/16/2008 12:17 PM
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Some calculators state I need ~$600,000.  Some state I need as much as $2,000,000.  I had in mind that 
I really need $1,000,000.  The Fidelity Quick Check below made me feel good about the direction I'm
heading.  How do I know what amount is enough and when is a good time to retire?


Fidelity Quick Check 04/16/08	

Goal:	$649,103 	at retirement	age 53	
	$593,139 	at retirement	age 63		
					
At current rate of savings:	$2,833 	/ mo goal for age 53; short of goal with $1,251 - $2,198 / mo			
         (18%)                 	$2,833 	/ mo goal for age 63; exceed goal with $3,165 - $4,991 / mo			
					
                                * The calculator considers Fidelity and Vanguard investments, 
                                  as well as the addition of estimated SS benefits.					
					
             Current Age:	43				
Age to end contributions:	53 or 63				
       Age at retirement:	53 or 63				
         Life expectancy:	94				


Current Asset Mix
         		Fidelity %	Fidelity $	Vanguard %	Vanguard $	% Asset Class	
	Domestic Stock	  58.73%	  $39,546	    100%	  $23,433	  69.39%	
	 Foreign Stock	  21.49%	  $14,471			                  15.94%	
	          Bond	  11.84%	   $7,973			                   8.78%	
	    Short Term	   6.08%	   $4,096			                   4.51%	
	         Other	   1.85%	   $1,244			                   1.37%	
		          99.99%	  $67,330	    100%	  $23,433	 100.00%	
							
	Current Total $			          $90,764			
							
	Notes:	Fidelity account is employer 401(k)					
		Vanguard accounts are Rollover IRA (Stock Index) and Roth IRA (REIT)
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