Retirement Savings -- Countup

[Randomsaver]

Enjoying the current stability.

Savings to Retire at 55 to be used for Age 56-60
Balance: $ 72K
End-Goal by 55: $100K (that means a living budget of $20K/year for age 56, 57, 58, 59 and 60)
Retirement Condo $400K: Fully Paid (No Renting expense!)

At 61, saved rent income will cover it; at age 62, it is SS onwards
401K Retirement Savings: $ 318K
IRA Retirement Savings: $ 67K
Total Retirement Savings: $ 385K (It's a long way back to this top but I wanna Rock N Roll)


My Forecasted Monthly Retirement Check Amounts, if to retire starting 2026 (actual withdrawal can only start in Jul of 2031):
401 : $ 1.64K
IRA : $ 0.32K
SS : $ 1.54K
Tot : $ 3.50K
Goal: $4.00K
The mood is sell some of overpurchase to DCA as market goes up.

[Randomsaver]

Enjoying the current stability.

Savings to Retire at 55 to be used for Age 56-60
Balance: $ 76K
End-Goal by 55: $100K (that means a living budget of $20K/year for age 56, 57, 58, 59 and 60)
Retirement Condo $400K: Fully Paid (No Renting expense!)

At 61, saved rent income will cover it; at age 62, it is SS onwards
401K Retirement Savings: $ 320K
IRA Retirement Savings: $ 68K
Total Retirement Savings: $ 388K (It's a long way back to the top but I wanna Rock N Roll)


My Forecasted Monthly Retirement Check Amounts, if to retire starting 2026 (actual withdrawal can only start in Jul of 2031):
401 : $ 1.37K
IRA : $ 0.27K
SS : $ 1.61K
Tot : $ 3.25K
Goal: $4.00K
The mood is sell some of overpurchase to DCA as market goes up.

[LivingAlmostLarge]

Randomsaver how close are you to 55?

[Randomsaver]

^ 3 years to 55.5.

[james.hendrickson]

All - basically still working on my immediate goal of 100k

Here are the current balances:

TSP: $4,780.26
SEP IRA: $27,335.97
ROTH IRA: $25,307.53
Taxable Brokerage: $5,662.71
Total: $ 63,086.47

About 13k better than the last time I posted. The one thing I'll say is consistent effort works if you're building your retirement funds.

[LivingAlmostLarge]

^ 3 years to 55.5.

I noted you had in October 15-2024 you had $38k in our pre-retirement savings. You now have $76k. That's more than 2x in less than 1 year. Your shovel has got to be very large? That's not just returns. How did you do it? That's an average of $4750 savings/returns per month. $38k change in 8 months.