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All-In [47844]
TigerPulse: 100%
Posts: 21111
Joined: 12/22/98
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All this talk of retirement - how much $$$
Oct 8, 2020, 1:53 PM
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is your goal for retirement? Combination of cash, stocks, bonds, property, etc. What is your number for total assets to feel comfortable? 1 million, 2 million, a trailer with a nice pallet deck?
I guess do not include social security as no one knows if that will be around or not.
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All-In [46825]
TigerPulse: 100%
Posts: 30733
Joined: 8/11/15
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state retirement FTW***
Oct 8, 2020, 1:55 PM
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Hall of Famer [21940]
TigerPulse: 100%
Posts: 8600
Joined: 9/11/11
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10M
Oct 8, 2020, 2:03 PM
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100k by 30
1M by 40
10M by fiddy
1 down 2 to go
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Legend [17454]
TigerPulse: 100%
Posts: 5892
Joined: 7/1/03
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I’m thinking I’ll land somewhere between $2-3M
Oct 8, 2020, 2:08 PM
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Could be more. Could be less, but I don’t think so. Depends on when I actually retire and a lot of other goings on between now and then. Rule of thumb is investments should double about every 7 years if invested well.
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Orange Blooded [4095]
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Posts: 2476
Joined: 11/30/98
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Re: I’m thinking I’ll land somewhere between $2-3M
Oct 8, 2020, 2:32 PM
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They double every 7 years at 12%.
In the 1990s when savings accounts paid 5%,that was realistic.
Not so much now.
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Legend [17454]
TigerPulse: 100%
Posts: 5892
Joined: 7/1/03
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The S&P averaged 10% from 1986 - 2016.
Oct 8, 2020, 3:32 PM
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12% would double in 6 years roughly.
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Oculus Spirit [81076]
TigerPulse: 100%
Posts: 56152
Joined: 9/13/04
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As much as I can get.
Oct 8, 2020, 2:23 PM
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ALL THE MONEY
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Heisman Winner [105622]
TigerPulse: 100%
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Joined: 12/2/02
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You guys are depressing TF out of me. $10M? SHIIIIIT, $10k
Oct 8, 2020, 2:32 PM
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seems more reasonable.
Seriously. When I retire, wife has a state retirement and I have a little squirreled away. Hopefully it grows up but if not, I guess I can use SS or other Gov't Benefits.
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All-In [31514]
TigerPulse: 100%
Posts: 10211
Joined: 1/28/15
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Re: You guys are depressing TF out of me. $10M? SHIIIIIT, $10k
Oct 8, 2020, 2:33 PM
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I mean your odds are good that at least 1 out of your 8 children will be successful enough to support you later on.
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Oculus Spirit [79429]
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Joined: 10/30/05
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All-In [40936]
TigerPulse: 100%
Posts: 42955
Joined: 11/30/98
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10 times my salary before retirement
Oct 8, 2020, 2:37 PM
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Not counting paid for house
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CU Medallion [66085]
TigerPulse: 100%
Posts: 24719
Joined: 6/12/14
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I'm not far from that now. BUTT, I have no idea
Oct 8, 2020, 2:39 PM
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what healthcare will cost when I retire
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Oculus Spirit [97732]
TigerPulse: 100%
Posts: 64871
Joined: 7/13/02
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Retirement?
Oct 8, 2020, 9:18 PM
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Is that like a pension? I will work until I can't.
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