|
Just did the math, good news
02-02-2012, 08:46 AM
|
#1
|
Full time employment: Posting here.
Join Date: Jan 2004
Posts: 851
|
Just did the math, good news
Just did the math on the future value of my retirement savings.
Using the last months market performance as a benchmark, and assuming the same going forward, I will have just over $121 Billion dollars by the time I reach age 68....time to do some estate planning I guess.
|
|
|
|
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
02-02-2012, 08:50 AM
|
#2
|
Recycles dryer sheets
Join Date: Sep 2011
Location: Easten Long Island
Posts: 414
|
Quote:
Originally Posted by farmerEd
Just did the math on the future value of my retirement savings.
Using the last months market performance as a benchmark, and assuming the same going forward, I will have just over $121 Billion dollars by the time I reach age 68....time to do some estate planning I guess.
|
Sounds like you're less than 3 months old (born yesterday?).
|
|
|
02-02-2012, 08:56 AM
|
#3
|
Full time employment: Posting here.
Join Date: Jan 2004
Posts: 851
|
Quote:
Originally Posted by justplainbll
Sounds like you're less than 3 months old (born yesterday?).
|
I'm a lot older than 3 months, but 5% growth, compounded monthly for a few decades, really adds up quickly!
|
|
|
02-02-2012, 09:29 AM
|
#4
|
Full time employment: Posting here.
Join Date: Apr 2011
Posts: 625
|
Well done.
I hear that past performance guarantees future return.
|
|
|
02-02-2012, 09:47 AM
|
#5
|
Thinks s/he gets paid by the post
Join Date: Nov 2006
Location: Bossier City
Posts: 2,183
|
My TSP is up more than 9% for the year. I'm with you, I think this is what I'll use for future planning...
__________________
“Change is the law of life. And those who look only to the past or present are certain to miss the future.”
-John F. Kennedy
“Hard work never killed anybody, but why take a chance?” - Edgar Bergen
|
|
|
02-02-2012, 10:03 AM
|
#6
|
Thinks s/he gets paid by the post
Join Date: Feb 2007
Location: Moscow
Posts: 1,569
|
Hey, why not? I heard Dave Ramsey mention 12% as a good number to assume for mutual fund growth. Dave's never wrong. Is he?
heh heh
__________________
You can't enlighten the unconscious.
But you can hit'em upside the head a few times to make sure they are really out...
|
|
|
02-02-2012, 10:18 AM
|
#7
|
Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,474
|
Quote:
Originally Posted by farmerEd
Just did the math on the future value of my retirement savings.
Using the last months market performance as a benchmark, and assuming the same going forward, I will have just over $121 Billion dollars by the time I reach age 68....time to do some estate planning I guess.
|
Too bad that by that time, a hot dog will cost $150 Billion dollars..... Just kidding. Congratulations on your good investment returns.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
|
|
|
02-02-2012, 10:24 AM
|
#8
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2006
Posts: 12,880
|
Quote:
Originally Posted by W2R
Too bad that by that time, a hot dog will cost $150 Billion dollars..... Just kidding. Congratulations on your good investment returns.
|
Like the joke about the guy who freezes himself for 100 years. First thing he does is is call VAnguard and is happy to hear that he has 500 million dollars. The operator then comes on the line and says "Please deposit 1 million dollars for the next three minutes."
__________________
Al
|
|
|
02-02-2012, 10:31 AM
|
#9
|
Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,474
|
Quote:
Originally Posted by TromboneAl
Like the joke about the guy who freezes himself for 100 years. First thing he does is is call VAnguard and is happy to hear that he has 500 million dollars. The operator then comes on the line and says "Please deposit 1 million dollars for the next three minutes."
|
Hey, even though I'm only 63 I still think that first class postage ought to cost $0.03, that a fast food burger should cost $0.25, and that a Coke from a vending machine ought to cost $0.05. Oh Brave New World!
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
|
|
|
02-02-2012, 11:07 AM
|
#10
|
Thinks s/he gets paid by the post
Join Date: May 2007
Posts: 1,577
|
Quote:
Originally Posted by farmerEd
Just did the math on the future value of my retirement savings.
Using the last months market performance as a benchmark, and assuming the same going forward, I will have just over $121 Billion dollars by the time I reach age 68....time to do some estate planning I guess.
|
Suggest you plan your next move conservatively, but its safe to spend 60 Billion this year.
|
|
|
02-02-2012, 11:58 AM
|
#11
|
Full time employment: Posting here.
Join Date: Apr 2010
Posts: 853
|
if you were a true farmer, you would have titled the thread, "too much taxes" and complained about the tax burden you $121 billion brought you. then launched into a diatribe about how you have too much moisture.
|
|
|
02-02-2012, 03:21 PM
|
#12
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,266
|
Actually after taxes it is probably only $60 billion, so sorry to inform you that you have to go back to work.
|
|
|
02-02-2012, 05:24 PM
|
#13
|
gone traveling
Join Date: Apr 2011
Posts: 3,375
|
Quote:
Originally Posted by farmerEd
Just did the math on the future value of my retirement savings.
Using the last months market performance as a benchmark, and assuming the same going forward, I will have just over $121 Billion dollars by the time I reach age 68....time to do some estate planning I guess.
|
Is your name Zuckerberg by chance?
|
|
|
02-02-2012, 07:40 PM
|
#14
|
Thinks s/he gets paid by the post
Join Date: Sep 2009
Location: Hong Kong
Posts: 1,688
|
Excellent, you have the math skill set necessary to sell whole of life insurance polices with a straight face....
__________________
Budgeting is a skill practised by people who are bad at politics.
|
|
|
02-02-2012, 08:20 PM
|
#15
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,266
|
Actually, my whole life policy bought in 1977 has had an IRR of 5.09% annually (gross premiums compared to cash surrender value) and that is attributing absolutely no value to the insurance benefit.
While I think BTID is a better strategy, whole life isn't as bad as some people think as long as you stick with it and for those who don't have the discipline to save the forced savings element is beneficial.
|
|
|
02-03-2012, 09:31 AM
|
#16
|
Recycles dryer sheets
Join Date: Dec 2010
Location: Tequesta
Posts: 323
|
I just heard on Bloomberg radio this AM that most of the underfunded public pension plans are all calculating the future based on 8% annual return. Wow!
If we could all calculate our future based on 8% growth or return, we'd all look pretty good. Now, lets see, if we use 12%...
|
|
|
02-03-2012, 11:52 AM
|
#17
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Oct 2006
Posts: 7,733
|
Quote:
Originally Posted by farmerEd
Just did the math on the future value of my retirement savings.
Using the last months market performance as a benchmark, and assuming the same going forward, I will have just over $121 Billion dollars by the time I reach age 68....time to do some estate planning I guess.
|
Piker. Based on the .8% my portfolio is up today and excluding weekends, I should be worth around 395 trillion by the time I'm 65. I think I'll buy Tahiti for my 60th birthday and the US for my 65th birthday.
|
|
|
02-03-2012, 06:45 PM
|
#18
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
|
The market had not closed at the time of your post, so how did you know?
Anyway, Dow up 1.23%, S&P up 1.46%, Nasdaq 1.61%
My stock portion is up 1.59%, MF portion (including a couple of bond funds) up 1.28%. Total portfolio up 1.12% due to being only 70% in equities.
I will outbid you on Tahiti, I must let you know.
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
|
|
|
02-03-2012, 06:47 PM
|
#19
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2011
Location: West of the Mississippi
Posts: 17,173
|
That is great news! I know that I am secure because I own real estate. And since we all know that "Real estate can only go up" I can be certain that I will make a bundle!!
__________________
Comparison is the thief of joy
The worst decisions are usually made in times of anger and impatience.
|
|
|
02-03-2012, 06:59 PM
|
#20
|
Thinks s/he gets paid by the post
Join Date: Feb 2009
Location: Cville
Posts: 1,600
|
Just spent a long weekend in Fla keys, $2 for a coke in the machine !!!
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Thread Tools |
|
Display Modes |
Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|