5 people want to do this.

make a million dollars for retirement


 

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    wedschild is messing with people's minds.

    Check in 6 months ago

    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.



    Untitled 17 months ago

    but going to school first :)



    wedschild is messing with people's minds.

    General details 2008 edition (approximate numbers) 19 months ago

    Straight Savings: 3000

    Bonds: 3500

    IRA: 9900

    401K: 15000

    Stocks: 2000



    wedschild is messing with people's minds.

    General Details (Approx numbers) 2 years ago

    Straight Savings: 1,500

    Bonds: 3,000

    401(k): 15,000

    IRA: 8,900

    Stocks: 1,200



    wedschild is messing with people's minds.

    Why this goal? 2 years ago

    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.



    wedschild is messing with people's minds.

    401(k) + More 2 years ago

    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)



    wedschild is messing with people's minds.

    New Job 3 years ago

    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.



    wedschild is messing with people's minds.

    Check point 3 years ago

    1% saved



    wedschild is messing with people's minds.

    So far.... 3 years ago

    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.



    wedschild is messing with people's minds.

    I think this will be enough 4 years ago

    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.




     

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