bmd_dreamchaser
Confused about dryer sheets
- Joined
- Feb 26, 2014
- Messages
- 5
My name is Chris and I have been waiting to find a community such as this! I just finished my MBA last May and have a great job making $93k salary + ~7k bonuses and free travel benefits. Currently, I save 20% of my take home pay ($1000/mo, not including roughly $500/mo employer match fully vested after 3 years) just for retirement. I have $20k in roth ira, $7k roth 401k, $3k 401k, totaling $30k portfolio. My goal is to (combined with my future wife) save $25k/year for retirement and accumulate $1.25M - $1.5M nest egg and live off $50k per year. Our debt includes $210k student loans ($80k of which is mines) and $15k combined car loans. Cars will be paid off by next summer. Student loans we plan to tackle at $2k/mo for a estimated payoff in 2029 (payments start late 2016 when she finishes school). My girlfriend and I also have a 3year budget plan to save $85k to cover engagement, modest destination wedding, house downpayment, and 6mo income emergency fund (aside from continued retirement savings at $1000/mo). I'm 6 months into a serious relationship (she's 25 currently not saving but paying for a portion her PhD) and will probably be getting married Fall 2015 and plans to start a family 2 years after. Plan now is to have 2 kids by age 37 so that I can retire at 55 (her 50) with the last just finishing high school, freeing up the opportunity to live abroad, particularly whatever South America is the present day equivalent to Panama or Costa Rica. Age 50-55 I want to "test the waters" living on a fixed retirement income. Interested in any advice or encouragement to get me there!
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Sent from my SM-N900P using Early Retirement Forum mobile app
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