What are your retirement goals in terms of your 401k and other investments? I’m aiming for 3.5M by 65. I’m 30.

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Fellas I am less than 200k and no way near what you guys have achieved. So Hats off to you guys

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I think most people are stating their retirement goals, not necessarily what their current retirement savings. So, don’t worry - keep saving and you will be well on your way to financial security

5M by 45

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Since 23. I always save around 30% of my paycheck

If you put in the full amount and assume 5% yoy growth, you’ll be at about $2M assuming you have nothing in there right now. Add in an employer contribution and you could be up near $2.5 or $3.

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$5M by 55 primarily through entrepreneurship

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I’m rooting for you

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$4.5M by 55 plus another $2M+ for my wife (lower income).

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Am 36, temporarily but 1.5 a few weeks ago. Obviously not there anymore. Goal is 10M by 54 (last kid through college). That’s combined/dual income.

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I am 45 and at 3.3M . And now with corona I am hesitant to look

Around 24

35, and i can only realistically have 2M

Gotcha.

What are you at now OP? I’m 30 and at 200k

Right now I’m behind the eight ball. I’m at just under 40k, but I plan to max out on my 401k after business school and investment all of my VA disability money into a S&P 500 index fund. That would give me 33 years to save. With that strategy, I think I can realistically hit 3.5M.

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For those saying an age younger than 59, what are your plans to fund life between that age and 59?

I’m glad you’ll be comfortable eating Spaghetti-Os in a trailer park in your 80s, but I’m in the “Nine 0’s or bust” club.

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