A Potted Plant
Honorary Sod
@rick81721 how big of a car can you move? Like can it take a deuce and a half.
@rick81721 how big of a car can you move? Like can it take a deuce and a half.
They take anything including pickup trucks. Tho they just started charging more for "3 row seat" suvs.
Back to our regularly scheduled program.... so this question has been asked and answered by many different people from all parts of the US but I'd like to see how folks here in NJ feel about this. The question of this thread is "how are we supposed to retire"? How much do you think one needs in their retirement (401K, IRA, etc.) account in order to retire, combined if married, need in order to retire comfortably? What is your goal, if that's not too personal to ask? Of course this depends on whether or not you'll get a pension and what you're expected SS benefits are at time of retirement. I kind of have a figure in mind but I'm curious to see what other's think. This is assuming you'll be retiring in NJ.
One hundred million.Yeah, those goals make a lot of sense and all of those should be met in 5 years when I'm ready to retire. Another motivation for me to stick it out for 5 more years is by then I'll be 62 and where I work if I retire at 62 or later my "pension" is increased by 10%. But if I can retire sooner I would if my retirement account reaches a number that's enough for me to live comfortably without compromising my quality of life and with some cushion left over each month. The trick is figuring out what the number is.
Yeah, those goals make a lot of sense and all of those should be met in 5 years when I'm ready to retire. Another motivation for me to stick it out for 5 more years is by then I'll be 62 and where I work if I retire at 62 or later my "pension" is increased by 10%. But if I can retire sooner I would if my retirement account reaches a number that's enough for me to live comfortably without compromising my quality of life and with some cushion left over each month. The trick is figuring out what the number is.
How much do you think one needs in their retirement (401K, IRA, etc.) account in order to retire, combined if married, need in order to retire comfortably?
Off by 20 years! You will live forever$4 million to retire in my 40's, $3 million to retire in my 50's, $2 million to retire in my 60's. I totally just made this up, but I think it's reasonably accurate.
Is that with or without a pension?$4 million to retire in my 40's, $3 million to retire in my 50's, $2 million to retire in my 60's. I totally just made this up, but I think it's reasonably accurate.
Yeah, those goals make a lot of sense and all of those should be met in 5 years when I'm ready to retire. Another motivation for me to stick it out for 5 more years is by then I'll be 62 and where I work if I retire at 62 or later my "pension" is increased by 10%. But if I can retire sooner I would if my retirement account reaches a number that's enough for me to live comfortably without compromising my quality of life and with some cushion left over each month. The trick is figuring out what the number is.
Off by 20 years!
Is that with or without a pension?
$4 million to retire in my 40's, $3 million to retire in my 50's, $2 million to retire in my 60's. I totally just made this up, but I think it's reasonably accurate.
Back to our regularly scheduled program.... so this question has been asked and answered by many different people from all parts of the US but I'd like to see how folks here in NJ feel about this. The question of this thread is "how are we supposed to retire"? How much do you think one needs in their retirement (401K, IRA, etc.) account in order to retire, combined if married, need in order to retire comfortably? What is your goal, if that's not too personal to ask? Of course this depends on whether or not you'll get a pension and what you're expected SS benefits are at time of retirement. I kind of have a figure in mind but I'm curious to see what other's think. This is assuming you'll be retiring in NJ.
Those are absolute shit tons of money in retirement using the 4% rule. Unless your annual expenses are $160k+ you do not need 4 million to retire.
Those are absolute shit tons of money in retirement using the 4% rule. Unless your annual expenses are $160k+ you do not need 4 million to retire.
it is about lifestyle - and ability to maintain it.