The Concept of “Being Done” Saving for Retirement Story

The Concept of “Being Done” Saving for Retirement

[{"selector":"#anim-5c493812-69f8-45c5-a631-79e4b09bf90d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ed2b7542-1b97-410e-a798-f0d657c05a43","keyframes":{"transform":["translate3d(-125.09091%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] I’m happy to share Dr. Jim Dahle’s take on what it means to be done saving for retirement and what it takes to get there. As is his style, he uses easy-to-understand math to help you figure out what it might take for you to be done saving for retirement. Read More

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The Concept of “Being Done” Saving for Retirement

While running a trail around the lake near my house, I started thinking about whether it was possible to be “done” saving for retirement. You can be done when saving for lots of goals.

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When you want to buy a $30,000 car, you save up $30,000 and then you’re done and you go out and buy it. It’s a little harder for a goal out in the future.

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How Much is Needed to Be Done Saving for Retirement?

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If you already have $500K, and you want to retire in 10 years, you need to save $165K a year. If you have 20 years, you need to save $48K per year. If you have 30 years, you need just $12K each year.

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A Word of Caution

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SWIPE UP NOW TO READ MORE

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