How Much Does Retirement Cost?

April 6, 2007 at 12:20 pm 1 comment

I want to retire when I am 55, assuming I’ll live till I am 90 and still maintain the same lifestyle as now, according to this retirement calculator, I need ~4.2 Millions to retire at 55. If I want to retire now, I need ~2.3 Millions.

Unless someone wants to give me 2.3 mil, the 4.2 mil seem to be a goal I can work toward. Assuming annual raise of 4% and annual average return of 14% (higher than average) during working year and 8% return during retirement, I would need to contribute ~16% of my income to retirement.

Seem a bit far reach but still doable.

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Entry filed under: Retirement.

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1 Comment Add your own

  • 1. Anonymous  |  May 9, 2007 at 8:36 am

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