Two Plus Two Newer Archives  

Go Back   Two Plus Two Newer Archives > Other Topics > Business, Finance, and Investing
FAQ Community Calendar Today's Posts Search

 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
  #1  
Old 11-19-2007, 06:02 PM
celiboy celiboy is offline
Senior Member
 
Join Date: Dec 2004
Posts: 1,262
Default How much would this person need to retire?

Assume an individual that is 40 years old, no wife or kids, home paid off and yearly expenses of $30,000 including taxes. Person is educated and has the ablity to find relatively high paying work fairly quickly if the need arose. Assuming expected life of 90 years old and no inheritence, how much would this person need to have socked away? At this young an age, would 30X annual expenses work? That would be $900,000 - how many would be comfortable retiring at that age with that much money? If this were you, how much many would you need to be comfortable to retire full time?
Reply With Quote
 


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -4. The time now is 04:11 PM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.