I'm 47 and I'm not sure how to include my pension in a net worth calculation. I can retire at 53 with a pension that is about half of my highest 5 years of salary.
I'm 47 and I'm not sure how to include my pension in a net worth calculation. I can retire at 53 with a pension that is about half of my highest 5 years of salary.
I have about $200,000 in equity in my house.
My wife has $150k in a Roth IRA.
That's it!
*half of the AVERAGE of my highest 5 years salary. Oops.
salary between 465k-495k as surgeon for the past 3-4 years. finished paying off about 315k in student debt a couple years ago. mortgage 650k at 3.7% ---zillow has home worth 1.1 mil which i think is fairly accurate
i get a nice match from my work--We max out the roth 401k so around 22k a year and i get 22k added from my employer---so a little under 4k a month into retirement accounts. we stopped into Roth IRA. We contribute about 100-120k into real estate funds but have been doing a brokerage account the past few months and will probably focus on that. All FSKAX, no bonds. Our spend rate is about 15k/month so i probably wont retire until 65. we spend about 40k on vacations a year too.
Not sure about net worth. Somewhere in the (very) low six figures in an alleged* retirement account; and I'm guessing that our apartment, which we own free and clear, might be good for $2-3mm, but that's just a guess.
*With our expenses--mostly ~$50k/yr maintenance on our coop, and otherwise we live pretty frugally--I cannot see the possibility of ever retiring. We both plan to work until we croak. Anyway, what would we do all day?
55. Lil over 6 million if you count the home. Still a working stiff but I like my job and I have a rare unicorn i.e. pension that will pay me 90% of my salary for the rest of my life @ age 60.
I suppose 6 mill is a lot but it doesn't really feel like it. All good though.
I'm 40 and have $401k in my 401k. Do I have it made?
My calculations tell me I'll have $5-10 million when I retired. That's a lot of money as I'll be rich.
65. Live in Canada, so all figures in Cdn (so 72% of my numbers roughly in US$): 3.5 million house, 4.5 million in market (half in USA markets). Like my job and well paid so moving towards half time for as long as I enjoy it. But could retire now. Divorced, settlement long since settled. Kids long out of house and past their education years.
60, 1.4 million, retiring at 62, starting social security and not looking back, no kids, never married! Will be able to get to 100,000 career miles more quickly w/o a job