Here's how this played out for us:
Married in 1986, we calculated (with whatever assumptions we made) that we would have 1 million in 18 years. Actually got to it sooner, by 2000.
Of course, things went south in 2000, and then not much return in 2000-2009, though we were still contributing to retirement and investment accounts.
Things have been mostly sailing along since the 2008-2009 recession, but who knows the future.
If you chart where you should be at each date with your return assumptions, you will alternate euphoria and panic as you exceed and fall short of your calculation.
Married in 1986, we calculated (with whatever assumptions we made) that we would have 1 million in 18 years. Actually got to it sooner, by 2000.
Of course, things went south in 2000, and then not much return in 2000-2009, though we were still contributing to retirement and investment accounts.
Things have been mostly sailing along since the 2008-2009 recession, but who knows the future.
If you chart where you should be at each date with your return assumptions, you will alternate euphoria and panic as you exceed and fall short of your calculation.
Statistics: Posted by robphoto — Thu Mar 14, 2024 8:12 am — Replies 16 — Views 1625