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Money Matters
Financial, Stock, Investment etc. posts here.

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Old 09-21-2013, 12:26 PM   #1
///M Protocol
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investment milestones

I don't have a financial advisor so I hope anyone here can provide me with some feedback.

I am 33yrs. single. I start working after college about 10yrs ago.
I current have about $270K saved up in my various investment/retirement accounts.

what is a good investment/retirement milestone or benchmark for 10yrs, 15yrs, 20yrs, etc.

so at 10yrs...I managed to have $270K. am I on track or behind?
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Old 09-21-2013, 12:47 PM   #2
Fergo
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You're way behind brah, you should have at least 5 mm saved up in that time
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Old 09-21-2013, 01:33 PM   #3
evolved
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Quote:
Originally Posted by ///M Protocol View Post
I don't have a financial advisor so I hope anyone here can provide me with some feedback.

I am 33yrs. single. I start working after college about 10yrs ago.
I current have about $270K saved up in my various investment/retirement accounts.

what is a good investment/retirement milestone or benchmark for 10yrs, 15yrs, 20yrs, etc.

so at 10yrs...I managed to have $270K. am I on track or behind?
It entirely depends on when you want to retire, on how much you want to spend when you retire, how much you earn currently, in the past and in the future, etc., etc.

A good rule of thumb is to save 8-12% of your earnings every year.
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Old 09-24-2013, 10:24 AM   #4
WerksM3
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I read a study that said if you have one year of salary saved for retirement by age 30 you are on track to have a "comfortable" retirement, assuming you retire at a typical age of 62. If/when you are married, same thing applies to your combined salaries.

Obviously if you want to retire at 50 you will need to have more than that saved, etc. Also, comfortable retirement is different for everyone, so factor in what activities you want to be doing when you are old.
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Old 09-28-2013, 09:44 AM   #5
wontonjon
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investment milestones

There are plenty of "retirement calculators" out there to play around with. Just google.

Like evolved said, depends on what your goals are....if you intend I remain single, no kids, etc - you won't need as much.


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