A California native transplanted in southern Illinois.So here is a little thing I like to do at the end of the year. I take my retirement savings and project what they will be when I am 65 and 67. (My SS full-retirement age is 67. If it is possible, I will retire at 65.) I assume different average rates of return and see what I will have if I keep saving at my current rate, and if I stop saving.
Here are the results for my tax-deferred accounts:
And here are the results for my Roth:
What these tell me is that if I continue at my current savings rate and enjoy 7% returns, I will hit my targets of 600k tax-deferred and 150k Roth. If I don't earn 7%, or if I don't keep saving at my current rate, I will fall short.
My current savings rate is 2.4k into my Simple plus 1.4k of company match, and 3k into my Roth.
Nest Egg Projections
January 1st, 2013 at 12:35 am