The Motley Fool Discussion Boards

Previous Page

Retirement Discussions / FIRE Wannabees


Subject:  Re: Am I on track? Date:  1/4/2008  11:06 AM
Author:  whyohwhyoh Number:  4541 of 5260

I'd say your way ahead of the average folks, but I'd look into increasing your savings each year. Assuming $9k in savings and 8% growth rate you are looking at around $1,000,000 in 23 years, in todays dollars. Will be less with inflation.

Without a home paid off, $1,000,000 will be tough to retire on at age 55, but possible. Depends where you want to retire, and what standard of living you are looking for.

Copyright 1996-2020 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us