The Saving Advice Forums - A classic personal finance community.

Retirement Savings -- Countup

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Market gong strong.

    Savings to Retire at end-57 to be used for Age 58-61
    Balance: $141K
    Goal by end-57: $200K (for ages 58, 59, 60 and 61)
    Retirement Condo $400K: Fully Paid (No Renting expense!)

    At age 62, it is SS onwards
    401K Retirement Savings: $449K
    IRA Retirement Savings: $ 98K
    Total Retirement Savings: $547K
    Total Retirement Savings Goal: $720K

    My Forecasted Monthly Retirement Check Amounts, if to retire starting 2027 (withdrawal can only start in Jan of 2033 or 7+ years from now):
    401 + SS : $ 3.60K
    IRA : $ 0.36K
    Tot : $ 3.96K
    Goal: $ 4.50K

    The mood is bring to 96:4.
    Kill the debt, before it kills you!

    Comment


    • Originally posted by Randomsaver View Post

      Year-End Goals:
      Savings to Retire at 57 to be used for Age 57-61: $120K
      401K Retirement Savings: $430K
      IRA Retirement Savings: $ 90K
      Adjusting my 2026 Year-End Goals
      Savings to Retire at end-57 to be used for Age 58-61: $150K
      401K Retirement Savings: $460K
      IRA Retirement Savings: $ 105K

      Kill the debt, before it kills you!

      Comment


      • Originally posted by Randomsaver View Post
        Adjusting my 2026 Year-End Goals Savings to Retire at end-57 to be used for Age 58-61: $150K 401K Retirement Savings: $460K IRA Retirement Savings: $ 105K
        Tragic when you need to increase your savings goals because you're approaching or meeting them too fast.

        Comment


        • Originally posted by kork13 View Post
          Tragic when you need to increase your savings goals because you're approaching or meeting them too fast.

          It does feel better to adjust up as often as needed. Aim small, dream big!
          Kill the debt, before it kills you!

          Comment


          • Originally posted by Randomsaver View Post


            It does feel better to adjust up as often as needed. Aim small, dream big!
            congrats! Wow
            LivingAlmostLarge Blog

            Comment


            • LAL, thanks.

              Market stabilizing.

              Savings to Retire at end-57 to be used for Age 58-61
              Balance: $143K
              Goal by end-57: $200K (for ages 58, 59, 60 and 61)
              Retirement Condo $400K: Fully Paid (No Renting expense!)

              At age 62, it is SS onwards
              401K Retirement Savings: $457K
              IRA Retirement Savings: $ 99K
              Total Retirement Savings: $556K
              Total Retirement Savings Goal: $720K

              My Forecasted Monthly Retirement Check Amounts, if to retire starting 2027 (withdrawal can only start in Jan of 2033 or 7+ years from now):
              401 + SS : $ 3.63K
              IRA : $ 0.36K
              Tot : $ 3.99K
              Goal: $ 4.50K

              The mood is bring to 96:4.
              Kill the debt, before it kills you!

              Comment

              Working...
              X