Reply to At what HHI did you start fully funding your 401k?

Forum Index » Money and Finances

Reply to "At what HHI did you start fully funding your 401k? "

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Fund it fully from the moment you get your first job.  Cut other expenses to the bone if you need to, but you have to assume that what you save will be all you will have. [/quote]

I always struggle with the math behind whether I'll have a bunch of money or not enough.  What does the calculation look like for someone that works for say, 30 years and contributes the max each?  What would that look like in today's dollars?[/quote]

Maxing a 401k for 2 people alone will not be an upper middle class lifestyle. It just depends what kind of retirement you want.[/quote]

I'm pretty sure I could have a nice retirement on $100K per year or less in today's dollars.  But, like I said, I have no idea what the 401k would look like after years of contribution.  I struggle with the values to use for things like the rate of return and inflation, etc.  Then, I guess you have to take that number and scale it back to 2015 dollars which I also don't know how to do.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics