Saving for the gap between now and 60

[RetireAbroadAt35]

Running projections using a calculator provided by my company 401k folks, I see that even if I quit contributing in one year, assuming a conservative 5% rate of return, my 401k will have just shy of $1m when I turn 60. Assuming a 4% draw-down + social security, I'm doing alright there.

For now I will continue contributing just enough to get my company match and focus the rest of my saving for the early retirement period (the next 25 years before I turn 60).

How do I calculate how much I'd need to retire today? 5 years from now? I'm assuming $25k in annual expenses (yay frugality) but would prefer $40k. What if I wanted $60k?

I would like to start planning for my ER, and determine whether I glide down or go full-stop, and when ...

Online calculators or excel formulas would help me out a lot.

 

[obgyn65]

I would begin by using a spreadsheet to build a month by month cash flow analysis until you reach the age of 60.

 

[daylatedollarshort]

I use a spreadsheet and also compare it to the retirement planner at Fidelity that has a year by year cash flow detail option to make sure I have not made any glaring math or tax errors.