Couldn't believe my log on still worked!
My husband and I are 34 and 36 now with two girls. Wow, time flies.
Just wondering what everyone is using as retirement benchmarks. We hit 1.5x annual income in retirement by our average age of 35 but I'm wondering what our benchmark should be by 40?
I KNOW I KNOW, everyone's different, but I'm wondering what rule of thumb some of you have used on here?
Thanks so much!! So glad my account still works!!
Still here! Retirement benchmarks?
October 2nd, 2018 at 12:40 pm
October 2nd, 2018 at 01:10 pm 1538482209
https://www.businessinsider.com/how-much-you-should-have-for...
I personally aim to be one decade ahead of any reasonable retirement or wealth benchmarks. So at age 40, I am at the "age 50" benchmark and goal.
October 2nd, 2018 at 10:04 pm 1538514265
2x annual salary by 40
3x by 45
4x by 50
5x by 55
6x by 59
7x by 63
8x by 67
One partner is 5 years younger so I'm figuring it out per person and then coming up with total benchmark goals for every 5 years, if that makes sense. So for instance, our upcoming incremental goal aims to get me and NT to 3x our salaries and AS to 2x hers by March 2019 (when I'll turn 45, NT 46 and AS 40). The funds don't have to divide out that way, but our total funds should equal 3x my and NT's and 2x AS's salary by March 2019.
October 3rd, 2018 at 12:13 pm 1538565189