Recent content by jcleme1537

Gumby - never thought about that. You're right I will be retired, forgot about that part of the equation. No more 401k as well. I am going to re-look at our monthly spending as well.

Thanks CUinFL gumby-I am shooting for 150k. Just because our current income is 260k. I heard that most people shoot for at least 75%, this is 67% Also with rising medical costs, we were trying to compensate for that. Also we plan to travel quite a bit.

Thanks CUinFl - how do I convert my savings into retirement. Can I just simply make a large contribution to my employers 401k?

The 6.4 mil is in tomorrow's dollars.

Thanks for responding. You bring up a very good point. I forgot to mention one other assumption because of inflation: 150k per year is much more in 2035 money 2035 equivalent is 287,416 and at the end of my retirement horizon it grows to 287,416 annual income per year - assuming 3% for...

Hello I have a ways till retirement but would welcome any advice. I am 43 years old and married with one child. I have a 23 year investment horizon as I plan to retire at 65. I would like to reach a goal of 150k in annual retirement income. I have predicted a retirement horizon of 25 years...