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Reply to "How much do you think you need for retirement, salary and age (and when you expect to retire)"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]If my wife and I keep working all the way to 65ish, and keep saving at the rate we do, and have raises that merely keep up with inflation, and have investments that return 5% after inflation, we would have something like $7M plus a ~$55k/year pension plus, I don't know another $50k per year in combined SS. That's waaaaay more than we will need in retirement, so I think we'll probably hang it up a few years early. Maybe at about age 50-55 if things go well. We're currently in our mid 40s.[/quote] I like your math but because of compounding it will be between 55 and 65 that you will have the greatest dollar growth, not between 45 and 55. And it will be a lot of years before you can collect your full SS and maybe your pensions. [/quote] That is all true, but already baked into my plans. We'll see what happens. My guess is we'll retire somewhere between 55-60.[/quote]
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