My birthday is next week. I’m only a couple of years away from 30 now. I’m very much getting to the point where I need to get serious about retirement planning if I don’t want to experience a lifestyle cut later in life.
For the past 5 years I’ve been systematically investing 6% of my income with a 50% employer match each month. My portfolio has performed well with returns averaging around 13% per year over the last 5 years.
I’m optimistic that I can achieve returns in the 12% range but am realistic enough to know that I need to structure my plan as though my actual rate of return will be less.
My main concern after that is if I am contributing enough each month. What amount do I need in my retirement accounts by age 30 to be confident that I will have enough to retire on? Continue Reading »