Investing, Stock Market and Retirement Planning Thread

NTP66
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Investing, Stock Market and Retirement Planning Thread

Postby NTP66 » Tue Nov 19, 2019 1:55 pm

I went as far as to create a spreadsheet with my target, assumptions, etc. I compare how I'm doing at the end of each year, and also use it to adjust my asset allocation over time. It has come in handy, IMO. I still have a ways to go, but I've got 9.25% more saved up than I planned for. None of this includes my wife's pension, either, which is nice.

Ted
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Investing, Stock Market and Retirement Planning Thread

Postby Ted » Tue Nov 19, 2019 2:15 pm

Two income family in professional jobs, $1MM 401k by 40 is very achievable.

mac5155
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Postby mac5155 » Tue Nov 19, 2019 2:41 pm

whew, I thought I was doing good with $100k by 30.. I think my wife has about $25k.

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Postby willeyeam » Tue Nov 19, 2019 2:43 pm

100k at 30 is very good imo and 1mil by 40 isnt out of reach for 2 if you're already at 100k

NTP66
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Postby NTP66 » Tue Nov 19, 2019 2:46 pm

It's still just an arbitrary number. You may need more than that by 40 depending on your lifestyle and/or goals.

Ted
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Postby Ted » Tue Nov 19, 2019 3:15 pm

It’s all arbitrary for a 40 year old as you really have no idea what it is going to cost you to live 20+ years later.

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Postby willeyeam » Tue Nov 19, 2019 3:15 pm

yeah that at 40 would not cut it if you're planning on having kids that's for sure

Ted
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Postby Ted » Tue Nov 19, 2019 3:18 pm

yeah that at 40 would not cut it if you're planning on having kids that's for sure
Are you assuming the person quits investing at 40? Following that same path until 50 and then no longer contributing would turn a nest-egg into $10MM+ by 65, assuming a realistic 8% annually.

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Postby willeyeam » Tue Nov 19, 2019 3:25 pm

i meant as to retire at 40 and make it off 1 mil. $1 mil at 40 and working until 50 would be fantastic

robbiestoupe
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Postby robbiestoupe » Tue Nov 19, 2019 3:56 pm

$1 mil by 40? I am way behind then, probably only 1/3 of the way there.

I did something similar to NTP66 - projected my expenses at retirement, figured in inflation, and went from there. You also have to figure you'll still be getting 2-3% interest on your investment of whatever you don't take out so it'll continue to grow into retirement.

My wife and I will have something a little north of $4m when we retire which I think is plenty.

Ted
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Postby Ted » Tue Nov 19, 2019 3:57 pm

Yeah, retiring at 40 with $1MM wouldn’t leave one with much more than a pot to piss in.

NTP66
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Postby NTP66 » Wed Jan 08, 2020 4:28 pm

My daughter's 529 finished 2019 with a 30.19% rate of return, while my 403b squeaked by at 26.6%. Nice.

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Postby robbiestoupe » Wed Jan 08, 2020 5:01 pm

Both of my 401k's ended above the 30% mark. I moved my kids' accounts over to the NY529 last January, so I'll have to wait to see what their yearly earnings were.

NTP66
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Postby NTP66 » Thu Jan 09, 2020 10:37 am

Image

Meanwhile, I'm out here slumming it with my lowly 403b and 401a's.

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Postby robbiestoupe » Thu Jan 09, 2020 11:13 am

409k's must only be for the rich folk

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Postby Freddy Rumsen » Thu Jan 09, 2020 1:10 pm

Image

Meanwhile, I'm out here slumming it with my lowly 403b and 401a's.

NTP66
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Postby NTP66 » Thu Jan 09, 2020 1:22 pm

Second time's a charm, apparently. What am I supposed to do with my new 409k?

Freddy Rumsen
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Postby Freddy Rumsen » Thu Jan 09, 2020 1:23 pm

Photoshop them?

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Investing, Stock Market and Retirement Planning Thread

Postby count2infinity » Thu Jan 09, 2020 1:24 pm

The tweet was there, was deleted, and corrected.

NTP66
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Postby NTP66 » Thu Jan 09, 2020 1:27 pm

^What c2i said. He deleted it, but we all know Twitter lives forever.

robbiestoupe
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Postby robbiestoupe » Thu Jan 09, 2020 1:27 pm

Gonna clean house with my 409

NTP66
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Postby NTP66 » Thu Jan 09, 2020 1:28 pm

Gonna clean house with my 409
Is your 409k 50% bigger?

Image

robbiestoupe
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Postby robbiestoupe » Thu Jan 09, 2020 1:28 pm

:thumb:

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Postby Beveridge » Thu Jan 09, 2020 1:38 pm

I'm more curious now how FR of all people didn't see the original tweet and thought it was a photo shop.

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Investing, Stock Market and Retirement Planning Thread

Postby Freddy Rumsen » Thu Jan 09, 2020 1:45 pm

I don't follow him on Twitter.

I repent in sackcloth and ashes for being wrong, again.

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