Simple Retirement Savings Targets
Use a post-tax rate
Aim lower by saving more.
Amount already saved
This is your starting point. Everyone's was $0 at some point.
Aim lower by reducing your expenses.
Nest egg if you stop saving today:
This is the amount you need to add to your investments at the end of each period to hit your Number.
If you advance your goal year, say from 65 to 50, you'll have to save more.
If you can reduce your expenses, you will be able to "retire" sooner.
If you can increase your investment returns, you will be able to "retire" sooner.
Yes, you can complicate this, but the factors you have the most control over are:
- starting early
- saving more
Don't waste your time with the rest. Really.