[QUOTE=Sieg;393136]Just ran a conservative scenario in the Schwab's retirement planner without my wifes current income or retirement, factoring retirement age of 65, life expectancy of 80..........it's projecting a surplus of $439,000. ......QUOTE]
Out of curiousity, what's your thought process to determine the "surplus"? This is the way that I've looked at it ....
I'm 52, have a mortgage, one kid in college and two more to go.
I"ll work until at least 65.
I don't believe that anything in my current lifestyle will change drastically .... yeah, I'll get the kids thru college, but something else will come up.
So, my goal for my retirement income is to have it equal to my current income. That retirement income will be a combination of SS, pensions and interest/dividends from my retirement accounts.
Is that essentially the way you guys calculate your needs?
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Bill
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1999 Camaro Z28 M6, some mods, 345K miles
1969 Camaro RS Convertible, 350/700R4, 3.73 posi rear, disc brakes
1992 Dodge Ram W-150 4WD, stock, 80K miles
2007 BMW 328xi, 110K miles
2002 Porsche 996, 6 speed, 50K miles
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