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I just found this forum searching around the net for retirement info. I am married, 43, no kids. I am trying to figure out if I am on track to retire in 7 years at age 50. I am a daily market/portfolio watcher but I do not react violently to market ups and downs. I am about 55/45 stock bond allocation at present. Here are the numbers:
Self employed. I own my office building (worth 125K) outright. I own my condominium outright (450K), no significant debt, 870k in savings (770k savings vanguard, 100k in retirement plans). I am planning on saving 50-60k per year in the next 7 years. I anticipate moving to a more conservative allocation in the next several months. I dont want to experience what many did who were 1 or two years out from retirement with the 2008 market crash. I am fully invested in a vanguard 2030 fund and the rest in short term investment grade vanguard fund.
I am worried about missing any upswing in the market if I move to conservatively. I guess this is a near daily question on the forum. I want to have enough to retire with 70 k annually in retirement income.
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