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Reply to "At what age do you plan to retire?"
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[quote=Anonymous]At what age would you like to retire?[b] Between 65-70.[/b] How old will your kids be? [b]32 and 34[/b] Would you voluntarily retire later to earn extra money to help your kids pay for college? Grad school? A wedding? [b]Yes (although college will be paid for by 529s and hopefully they'll graduate long before I retire) and I'd also like to help them with downpayments for their first house[/b ]If your mortgage and childcare expenses are paid off by the time you retire, how much (or what percentage of your current income) will you need when you retire per year? [b]25-35%. Our house will be paid for, we won't be paying private school tuition and won't be saving for college or retirement. These things eat up close to 75% of our monthly budget.[/b][/quote]
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