I am one of those that tends to think I never have "enough" for retirement. So I tend to be pessimistic. It seems to me that a 3 year time frame is too optimistic. However if you could find a more enjoyable and rewarding job (or at least less stressful) that had medical benefits, another 15 years would be ideal.Thank you for the insight. 3 years from now when I hit 50 I am hoping to switch jobs to something much less stressful, probably lower income, and less hours. By that time I'll have the car loan gone so no debt, and low monthly expenses. I'll continue to work to collect health insurance and until I hit 1.5 mil on the portfolio. With a little bit of luck hoping to fully retire at 60 and with a lot of luck maybe sooner than 60, but at least hoping for reduced workload from 50-59 so I can sepend more time with the wife and daughter.
With that said, I think you are doing a great job as far as your savings rate goes. If you can keep that up (kids are expensive) you should do very well.
I'd also agree with lakpr. Car loans are truly evil things. Pay it off right away. That alone is a great investment.
Statistics: Posted by WeakOldGuy — Wed Jan 24, 2024 11:24 pm — Replies 4 — Views 502
