What's your "number"?

[Anonymous]

Anonymous wrote:

Anonymous wrote:8 million

I don't know if we'll get there or not. We're early-mid thirties and are only at 2 million.

You will. We hit 2 million at ages 44 and 46 and we're aiming for 6 million total.

Chump change folks, chump change . . . sadly, for all of us (read attached NYT article from today's paper on annual compensation for hedge fund managers).

http://dealbook.nytimes.com/2014/05/06/hedge-fund-moguls-pay-has-the-1-looking-up/?_php=true&_type=blogs&ref=business&_r=0

[Anonymous]

$15-$20MM to not worry about money. $10MM minimum. We are worried about inflation and healthcare costs.

[Anonymous]

The wife and I aim to hit 5 million combined by age 50. Gonna hit the brakes hard by then

[Anonymous]

Anonymous wrote:$25m is our number and so far we're on track although quite a number of years away from it.

+1. We're 20 years away from retirement and on track to meet this goal.

[Anonymous]

Anonymous wrote:

Anonymous wrote:$25m is our number and so far we're on track although quite a number of years away from it.

+1. We're 20 years away from retirement and on track to meet this goal.

Out of curiosity, what is your HHI?

[Anonymous]

Anonymous wrote:

Anonymous wrote:$25m is our number and so far we're on track although quite a number of years away from it.

+1. We're 20 years away from retirement and on track to meet this goal.

I'm retired (60). Spouse still works. We have about $7.5M now. I expect to have $25-$30 mil in 20 years as well but not sure what I'd do with it then other than let the cartels bleed me dry of that cash.

[Anonymous]

Anonymous wrote:4m exclusive of kids' college

Same for us. We are late starters due to external circumstances. Will use the 3-4% drawdown rate so that kids will inherit at least 1M each.

[Anonymous]

Combined we’re at $2.5m at 44 and 48. We’re free so we’ll get a small pension too. Assuming the people touting huge numbers are hedge fund managers with more money to invest than us? If not, what are we missing?

[Anonymous]

$5m for myself, excluding home equity and 529 plans. DS has his his own accounts. We have a joint checking for living expenses, but we've always invested separately.

[Anonymous]

$5 million not including home

[Anonymous]

Anonymous wrote:$5 million not including home

Do you have separate targets for retirement vs. brokerage accounts? We have been saving in retirement accounts for quite a while but our after-tax savings are relatively low.

[Anonymous]

I am 50 yr old female fed with combined retirement accounts of $3.9-$4M. This excludes our primary residence (more than $1M equity but excluding since we need to live somewhere so doesn’t generate any income) which will be paid off by the time DC1 reaches 2nd year of college. I will have a fed pension of at least $90k when I retire at 60. Since I’ll have 30 years of service there will be no deduction in amount for taking it before 62. As wives generally live longer than husbands he will sign the release to survivor benefits so I can collect the full amount right away. Also plan to collect social security earlier. Even without a mortgage the cost of taxes and home owner ins will be at least $20k by then. Also any amount is treated as taxable income so need about 380k if you want to live off 250 post tax. Thankfully we’ll have health insurance as a retired fed.

I plan to travel quite a lot and help the kids beyond college so my ideal number is $8M but either way plant to pull the rip cord at 60.

[Anonymous]

It was $30M. I retired young about 2.5 years ago when I hit it.

[Anonymous]

Staid gov employee here. I'm projecting that I'll retire in 15 years at 65, with a $90k pension, about $2mil in my TSP, at least another mil in other accounts, but 10 years to go on my mortgage, whoops. We currently have about a million in equity currently, though, and can always decide if we want to move or downsize when the kiddo goes to college.

Their grandparents are funding the 529, fortunately, and gov retirement will cover healthcare for all of us. It's possible that we will have several more million saved, but it kind of depends on how long my mom will be in memory care. I plan to just trudge along with my head down for now. Maybe I'll want to keep working, who knows? Hard to plan that far ahead.

[Anonymous]

If we retire in 9 years, our number in $5M excluding fully own home worth $1M. If we work until 62 or 65, maybe $8M but we will do it only if we’re still enjoying the work.