<< Back to all Blogs
Login or Create your own free blog
Layout:
Home > Year End Number Crunching

Year End Number Crunching

January 13th, 2011 at 05:40 am

At the end of the year, I like to look at the current value of my nest egg and make some projections.

In my tax-deferred accounts:

My minimum goal is 600k.

If I stop contributing now and earn 7%, I will have 487k at age 65, 558k at age 67.

If I continue contributing at my current rate and earn 7%, I will have 632k at age 65, 731k at age 67.

In my Roth:

My minimum goal is 150k.

If I stop contributing now and earn 7%, I will have 33k at age 65, 38k at age 67.

If I continue contributing at my current rate and earn 7%, I will have 131k at age 65, 155k at age 67.

I also crunch what I will have if I earn 5%, 6%, 8%, or 9%. Those 8s and 9s sure are pretty! However, I think 7 is a more reasonable assumption.


Posted in Retirement Savings | 2 Comments »

2 Responses to “Year End Number Crunching”

  1. patientsaver Says:
    January 13th, 2011 at 11:53 pm 1294962838
    1294962838

    What about if you wanted to retire early? Any interest in doing so if you could make it work?

  2. Petunia 100 Says:
    January 14th, 2011 at 06:26 am 1294986395
    1294986395

    Yes, I absolutely would love to. Realistically, I think part-time work may be achievable.

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
*
Will not be published.
   

* Please spell out the number 4.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]