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No. of Recommendations: 2
Getting from $60k to $1E6 is no small feat, especially starting at 43 on an average income.

A robust portfolio? How about starting with some low fee index funds in your 401K and other accounts.

$1,000,000 won't be worth much in 21 years.... $450k at 4% inflation. So at an aggressive 5% withdrawl rate in retirement, you are looking at $22,500 a year in retirement income. This may be passable if you own your home by then.

To retire "quickly" the first step is to figure out how to max out your Roth(s) and 401K, if you aren't already. $15,500+5000 for 2008.

Keep that up till you are 64 and you may have around $1.7 million, ($750k in today's dollars). (@8% growth rate, and 4% inflation).

--
whyohwhyoh
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