(no subject)

[bertine]

eyelid just wrote this post about retirement saving. It got me thinking about early retirement. I know that some people on my list are stay at home mom's or have non-traditional jobs so I know that everyone doesn't fall neatly into this but I just want to know.

Just so you know, I don't dream of early retirement, just of more vacation a year.

[Poll #1106221]

Comments

Investments!

[polyranger.livejournal.com]

I plan to retire when I am 60.

I've had 401k, IRA, Roth IRA, and mutual funds going since I was 22.

Say you are 30. Invest 15,500.00 max a year and in 30 years you will have 66990.11 assuming a 5% return annually. The next year do the same and you'll get 63800.10 (29 years). Now keep going for three more years. $362,125.71 at age 60. Had you started when you were 20, you would have $589,864.62.

Now if you only get 5% on your investments, you need an new adviser (I have the name of someone if you are interested. She handles our whole family...All four generations) and to get some diversification. These numbers assume you stopped investing anything at age 35. Not likely. Anyway, just some quick figures. Invest early. Compound interest...Gotta love it!

Re: Investments!

[bertine.livejournal.com]

I don't know when I'll retire but I have a feeling 60 will be the minimum. My question isn't really about money, I have a really good start on my retirement and am as confident about it as I'll ever get.

Maybe I should have asked the question better. More like "Would you still work in your field if you were financially independent?"