make a million dollars for retirement

I’m at 3.2%

That’s really sad. It is. I’ve been saving for years and that’s all I’ve got to show for it. Time for me to buckle down on this one.

Straight Savings: 3000

Bonds: 3500

IRA: 9900

401K: 15000

Stocks: 2000

Straight Savings: 1,500

Bonds: 3,000

401(k): 15,000

IRA: 8,900

Stocks: 1,200

The simple fact is, I don’t think that Social Security is going to be able to provide the sort of life I want. Also, since I will likely be self-employed at some point, I want a nice sturdy base for my retirement.

I want to be able to travel and shop and surf the net when I’m retired.

I’d love to retire earlier than 65 and simply pursue what I really enjoy doing, which is building companies and writing books/short-stories/poems.

I’m taking advantage of my company’s 401(k) option. I also have my own account separately. Currently

1.4% of goal. (Edit – Missed the decimal point)

I’m starting a new job which means I’ll have a better salary. Which means I’ll be putting more into my 401K and I’ll have more after-tax money to put into savings.

1% saved

I’ve got a Roth IRA, a 401(k), and Treasury Bonds. I’ve got a bit of money in stocks (Starbucks, The Knot, Harrah’s). It’s not much, but it’s a start. If I can knock down my debt, I can save more towards this goal.

If I handle the withdrawls reasonably, I should be able to live on the returns of a million dollars. Toward this goal I also need to buy the house and pay it off so that I have someplace to retire to. I don’t want to be in my sixties still paying off my mortgage and having a lot of unneeded house and/or pay rent.