How are you doing for retirement?

p_xavier said:
And don't be boomers, help your kids and grand kids even in retirement. It'll be hard times ahead for them.
Click to expand...
My son is doing very well in life without much help from me

When I pass he will get a cash payout of half of my estate to make sure and keep my wife living her life she is accustomed to and when she passes the rest is divided among brothers and sister and their kids since we wont have any grandkids
 
I'm doing ok but could have been doing so much better. I know I mentioned this but when I first tried to save for my retirement my bank's investments services reached out and scammed me by putting me in nothing but annuities. Lesson there, don't invest with your bank and annuities are not appropriate for anybody that isn't within a few years of retirement and only a few of those are valid financial vehicles.
Anyway I've got roughly $750k saved up and I'm saving $60k per year(Not counting the RSU from my company or my brother buying me out of the family home that I own with him) I figure I'll pay off my house in 3 years. Using ficalc.app (that's url btw) It looks like that given I spend $36k per year I only need 1 million to retire so I should hit that by the time I pay off my house. Admittedly it helps I don't have kids so pretty much my nieces and nephew will get it all.
 
Last edited:
Really deep into the state teacher retirement program which is doing really well. Coworkers of mine that have retired have told me that they are making more than they did working since they are no longer paying into the program and union dues are gone. I'm able to retire early in 2036 at 54%, but will get 80% of my last five years if I stick around to 2040 (which I will be 61). That's not bad if it can continue like it has.
 
990k usd net worth at 32 yo

Like 200k in 403b- 100% sp500 mutual fund
Like 70k in a Roth IRA which has 40k in sp500 index funds and the rest in some AAPL and AMD.
like 720k in brokerage which has like 400k in sp500 index, 100k in actively managed mutual funds, 50k in aapl, and like 850 in AMD shares and some leap calls.

I'm really bullish on AMD over the next 3-5 years. Their mi400 chip could be a turning point for them in the AI space. Plus they will be firing on all cylinders with embedded return to growth 2nd half this year and soon gaming with the PS6 and next Xbox coming out in the next couple years.

I stupidly sold 700 PLTR shares a few years ago for a loss. I think my average was $20 and I sold it at $10 or $15. Worst mistake of my life.

Never sell your losers. Just wait for them to recover or go to 0. I'd rather a stock go to 0 then see it rocket after I sold.
 
Last edited:
I got a late start in savings but I'm getting close to maxing out 401k that's doing well, have about 50k in cash, very low living expenses, and make decent money so I'm hoping to catch up pretty good over the next 5 years. Also will someday get about 300k from Mommie.
 
cormack12 said:
Sadly most of us wont really have a long retirement if we all go the limit. Early retirement is expensive. It shouldn't be too hard to survive off a 2 days a week job though to cover the essentials plus a pension
Click to expand...
The age you need to be is just too high. And I doubt that in the following 34 years that age limit will remain the same. Given it's utter madness they won't lower it, it'll only go higher.
 
I'm probably gonna die way before getting into pensionable age.

Ironic when you think that i started working at 11...
 
Last edited:
I plan to stop working full time at 55.
My father passed from Alzheimer's a few years back and it made me really prioritize my life and finances, etc. I have always been frugal, invested pretty well, no debt, and my wife is years younger and loves her job. My plan is to still work part time, but my current job (full time) is nearly part time as it is, so who knows. Great to have plans, but I also realize things can change.
 
I should have more but I should be just fine. I don't have any bills besides the regular power/cable and condo fees. Plan to retire in 8 years
 
Last edited:
GHG said:
Yes there is, it's the best wealth building technique known to man but for most people greed takes over and they struggle to adhere to it, meaning it becomes an "all or nothing" mentality when they see a single stock in their portfolio skyrocket.

Also a lot of people misunderstand the method you should use when divesting - you don't need to do it all at once, it can be done gradually.

Good discussion on the topic here:

Click to expand...

Its hard to find the balance between letting your winners run and when to call it a day and sell. I'm watching RDDT up 70% and trying to map out their potential. P/E is nowhere near PLTR so I know there is runway if earnings continue to do well.
crazepharmacist said:
990k usd net worth at 32 yo

Like 200k in 403b- 100% sp500 mutual fund
Like 70k in a Roth IRA which has 40k in sp500 index funds and the rest in some AAPL and AMD.
like 720k in brokerage which has like 400k in sp500 index, 100k in actively managed mutual funds, 50k in aapl, and like 850 in AMD shares and some leap calls.

I'm really bullish on AMD over the next 3-5 years. Their mi400 chip could be a turning point for them in the AI space. Plus they will be firing on all cylinders with embedded return to growth 2nd half this year and soon gaming with the PS6 and next Xbox coming out in the next couple years.

I stupidly sold 700 PLTR shares a few years ago for a loss. I think my average was $20 and I sold it at $10 or $15. Worst mistake of my life.

Never sell your losers. Just wait for them to recover or go to 0. I'd rather a stock go to 0 then see it rocket after I sold.
Click to expand...
Only stocks I sold are when I did meme stocks for fun- talk about burning money. Learned the hardway and now am firm on buy and hold regardless and forget timing.
 
Wife and I are 43 and 41. We would likely be okay at age 65 if we didn't save another dime. Compounding would take us to having enough at age 65. But we'll keep saving with hopes of retiring 5 to 10 years before that.
 
About $172K between my 401k and Roth IRA. I'm 33. Hopefully that's good, I barely pay attention to the retirement account and I don't know the first thing about investing.
 
Hope to retire in 4 years. House almost paid off. Wife and I both have 401k accounts and some side investing. Kids out of the house and doing well. Life is good.
 
Retiring before the end of the year with 1.5M in my retirement funds. That's exactly 25 yrs of my current annual living expenses. Wife and I still plan to work recreationally but also long travel to lower cost of living areas for 3-6 months which will also lower out living cost. Plus, my 1.5M will have 70% still invested in the stock market earning 8-10% annually while the other 30% makes a lower safer 4% in bonds, money market, high yield savings.

Those interested in early retirement really need to get the book, Simple Path To Wealth by JL Collins. The method is slow, boring, but effective. Spend less than you earn and invest the rest in broad based, low cost index funds. It really is that simple.

The 1st 500K took a long 15 yrs, then hit 1M in another 7 years, then another few years to hit 1.5M. That's the power of compounding interest. I believe it takes 7.2 years to double your money if you are investing the same amount, look up the Rule Of 72.

Oh, I never been frugal either just very intentional with my money. Travel twice a year but not paying for 1st class or staying at The Four Seasons. Maybe when I start collecting additional cash from social security or my balances need to be drawn down I'll splurge on 1st class travel.
 
Pretty much if anybody wants an intro on what to do "The Money Guys Financial Order of Operations" is a good as any as a place to start. Also Humphrey Yang just did this video which is largely the same ideas



Pretty much it's not that hard if you have time and know what to do but it's a bitch to find out what to do if you start from knowing nothing. (Like me where I did the wrong stuff for years.)
 
What do you guys plan on doing in retirement exactly?

My grandfather retired at 48 (yeah those days are long gone, lol) and well, he pretty much just sat around until he got sick and died. I don't think it's good for humans to just 'stop'.

My plan is to get a small beehive colongy going, maybe get some cattle, and live off the land a bit more whilst still having plenty of daily tasks to keep me busy while I get old and fat.
 
Nocty said:
What do you guys plan on doing in retirement exactly?

My grandfather retired at 48 (yeah those days are long gone, lol) and well, he pretty much just sat around until he got sick and died. I don't think it's good for humans to just 'stop'.

My plan is to get a small beehive colongy going, maybe get some cattle, and live off the land a bit more whilst still having plenty of daily tasks to keep me busy while I get old and fat.
Click to expand...
i would still need a routine, but between getting the kids ready, going to the gym, yard care, 1-2 hours a day of reading/pipe smoking,/listening to music, afternoon at the local breastaurant for some eye candy/testosterone boost, 1-2 hours vija gaming, the days should fill up quickly. Plus it would be time to really dive into some hobbys like building vpins or aracdes. Then getting to bed for a solid 8 hours of sleep because there is no need to steal time at night.

All sounds good to me!
 
Nocty said:
What do you guys plan on doing in retirement exactly?

My grandfather retired at 48 (yeah those days are long gone, lol) and well, he pretty much just sat around until he got sick and died. I don't think it's good for humans to just 'stop'.

My plan is to get a small beehive colongy going, maybe get some cattle, and live off the land a bit more whilst still having plenty of daily tasks to keep me busy while I get old and fat.
Click to expand...
weight training, martial arts, build custom watches, grocery shop and cook.
 
I've been doing pretty good but lately I have been hitting the money I get from my dividend investments to pay for my son's college. I font want him taking a student loan as who knows of there will even be jobs available. No sense starting him in debt out of school and jobless...
 
Well, as far as my retirement account goes - the little tool with the car on Fidelity's site reports that I'm on target. I also have some money in investment accounts, and some modest (really modest) holdings in stock.

So I think I'll be fine, but I'm no financial planner.
 
Nocty said:
What do you guys plan on doing in retirement exactly?

My grandfather retired at 48 (yeah those days are long gone, lol) and well, he pretty much just sat around until he got sick and died. I don't think it's good for humans to just 'stop'.

My plan is to get a small beehive colongy going, maybe get some cattle, and live off the land a bit more whilst still having plenty of daily tasks to keep me busy while I get old and fat.
Click to expand...
Pretty much take some time to learn to fly a plane. Also learn to drive a standard car and maybe take some bjj classes. I'm sure I can find things to do.
 
Not much. Just chill. Maybe work out a bit more. Maybe take up archery. It's one of those things I cant do it on my lot, and a real archery range is out of the way (usually in the outskirts of town). Itd be a hobby I'd have to get off my ass and drive to each time.
 
Last edited:
Almost $1.8m NW married but no kids yet, both late 30s. Was lucky to refinance our house during Covid so we're holding onto our 2.75% rate as long as we can. Our FIRE goal is $4M though but we're tracking to get there around our mid-40s based on average market conditions.

Getting burnt out at work though so may just try grinding it out a few more years before I can find something less stressful and slow down a bit.
 
I didn't start making real money until I was 35, this year I kicked my 401K to 20%. I have something like 180k in total retirement. I'm 40. I plan to just keep shoving as much as I can in while paying off my mortgage early (I have a 2024 loan, so it's crazy high, should have it paid off by 2027 though).

Hopefully I can catch up enough to have a decent retirement, though part of me thinks I really wont live long enough to see it. At least my kid will be set if that happens.
 
Health is the real wealth not a number on ur computer screen don't get fooled. Stay warm and hydrate Eat a bunch of leafy greens and veggies and walk tens of miles every week and spend a good amount of time outdoors when the weather is nice and warm
 
Baphomet said:
I'm doing good lately , being retired young is pretty nice , only annoying thing is having too much time sometimes , things can get boring , so I like to go to the beach on early weekday morning , its so relaxing and barely anyone is there.
Click to expand...
 
dave_d said:
Pretty much if anybody wants an intro on what to do "The Money Guys Financial Order of Operations" is a good as any as a place to start. Also Humphrey Yang just did this video which is largely the same ideas



Pretty much it's not that hard if you have time and know what to do but it's a bitch to find out what to do if you start from knowing nothing. (Like me where I did the wrong stuff for years.)
Click to expand...

Love Humphrey 's videos. He is what I always imagine the young man my son will grow up to, lol.
 
Plies said:
I'll work until I die.
I'm a workaholic.
Click to expand...
If you love what you do and would do it for fun even if you didn't get paid then more power to you and don't ever stop

I never liked working and I never found anything I enjoyed doing that could make me a living so the moment I didn't have to work anymore I was gone

That was 3 years ago now. I don't miss working for even 1 second of any given day
 
Last edited:
I had (by my request) my paycheck held for 3 years during covid. So i now never worry about money , but i still gotta wait another 7 years before i can apply for my permanent residence visa here.(cant not work on a work visa) Though im an artist anyway...i dont really believe in retirement.
 
I am doing good and am on track for retirement. I have 401K Roth IRA, and other investments that continue to grow.
 
Younger GAF, don't be me. I was earning 6 figures by 25, had zero debt by 30, had $300k+ in savings/retirement accounts by 35... and then literally pissed it all away by becoming a raging alcoholic.

After a divorce, losing my house, multiple jobs, and all of everything that I had built up, I'm now 50 years old, sober, and rebuilding it all. I'm in some debt, not too much really, have the good job again, contributing to 401k, etc. but it's starting from scratch and I doubt I'll be able to retire until I'm way past when I should be retiring.

Stay sober. Keep out of stupid debt. Diversify.
 
I'm sure I'm doing way better than most but retirement is still a ways off. Like if I save crazy aggressively I could theoretically do a lean FIRE in like...10 years at age 46 if the market continues to do well (lol). But lean FIRE is risky. A lot can happen. What if I retire early, my skills degrade, I get a hole in my resume, and then something bad happens to the market or in my personal life and I need to get back in the workforce? Would be a massive self-own.

I also have four kids to provide for.

So, all that said, I'm not sure if retiring early is even a goal I should have.

Mostly I just want to save aggressively and have the ability to facetank a long period of unemployment if that happens to me. Or be able to have some optionality and get out of the corporate rat race and go have some fun at a smaller company for a pay cut.
 
Last edited:
Sub_Level said:
I'll cross that bridge when I get to it.
Click to expand...
You are at that bridge. Bro, just google up compounding interest on investments. Figuring out how to get in the market early is absolutely gigantic in how this all plays out long term. 401k at least. And if your employer doesn't offer it. Call up fidelity, or Schwab and set something up with them.

Don't fuck around with this.

Looks like lots of y'all are doing really well!
 
My blackrock pension investment is up 15% in 12 months 😀 Wish I had more money to invest.

I've well overshot what the pension would be worth had I opened one at standard contributions when I started work.

I used to waste so much money on little purchases / debt I've not missed it going 3-4x on recommended contributions since clearing it. It's nice to look at money earning money especially if nothing much else was achieved all day.
 
Last edited:
As a ballpark, I'm $350,000 away from retirement as I've made good gains the past couple months. My goal was $500,000.

But I'm a greedy fuck, still gun for $500,000. lol.

Every once in a while the stock market gives opportunity to make lots of money. And the past few years is tech and AI and crypto. Who knows when it'll fizzle out. But these kinds of opps only come around here and there holistically where you can throw a dart and just about every tech company, bank, ETF etc... are going up. Some sectors stink, but most up.

If you wanted a shitty period, check out that 2001-2011 kind of decade. The markets were in a stodgy shithole. Oil prices zoomed up in 2006 I think, global finacial crisis for bad mortgages hit soon after in 2008 or 09. Very hard to make money that 10 year span. A lot of the big companies you know today were trading at probably $20. But somewhere around 2012-13 is when a lot of companies all rose together.
 
Last edited:
I'm scared of retirement, I'll probably work all my life. I get so bored on weekends that I was thinking of having another job.
 
You must log in or register to reply here.

Similar threads

How often do you update your important tech?
2
56
553
th4tguy replied
  • Poll
How often do you make your bed?
2
64
1K
ResurrectedContrarian replied
How often do you think about dying?
Cringe  2
57
839
ForAcademicPurposes replied
  • Poll
How do you like your steak cooked?
2 3 4
154
3K
The Fartist replied
  • Poll
How lazy are you? Stream movie with ads or get off the couch to put in DVD?
2
58
859
EverydayBeast replied
Top Bottom