I filled out an online retirement calculator and discovered that I have 7% chance of meeting my own retirement goals and will most likely hit 65 with just 49% of the money I'll need to maintain my current standard of living after I stop working.My best friend, who is very knowledgeable about these things, tells me that 1) I'm doing better than most Boomers, and 2) I better start socking more away.
THIS JUST IN! If I include my "emergency fund" (8 months' worth of living expenses) as an asset, I will most likely hit 65 with 53% of the money I'll need. These new numbers make me feel 4% better about my financial future.
It tells me I have an 89% chance. I find that very hard to believe, LOL. I must have typed something in wrong.
ReplyDelete