Comments on: Find Out If You’re On Track To Retire Early http://www.doughroller.net/retirement-planning/find-out-if-youre-on-track-to-retire-early/ Money Management and Personal Finance | The Dough Roller Mon, 13 Feb 2012 05:44:53 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: DR http://www.doughroller.net/retirement-planning/find-out-if-youre-on-track-to-retire-early/comment-page-1/#comment-2199 DR Sat, 10 Nov 2007 18:49:04 +0000 http://www.doughroller.net/2007/11/10/find-out-if-youre-on-track-to-retire-early/#comment-2199 Rob In Madrid, most calculators do assume you need 80% or more of your current salary in retirement. I know we'll need a lot less. To use the calculator in that situation, just put in a lower amount for income that corresponds to what you think you'll need in retirement. But as always it's a balance. I could probably come close to retiring today if I made significant changes to my life. For me, those changes wouldn't be worth it. Of course, we all have to make that decision for ourselves. Rob In Madrid, most calculators do assume you need 80% or more of your current salary in retirement. I know we’ll need a lot less. To use the calculator in that situation, just put in a lower amount for income that corresponds to what you think you’ll need in retirement. But as always it’s a balance. I could probably come close to retiring today if I made significant changes to my life. For me, those changes wouldn’t be worth it. Of course, we all have to make that decision for ourselves.

]]> By: Rob In Madrid http://www.doughroller.net/retirement-planning/find-out-if-youre-on-track-to-retire-early/comment-page-1/#comment-2172 Rob In Madrid Sat, 10 Nov 2007 15:11:19 +0000 http://www.doughroller.net/2007/11/10/find-out-if-youre-on-track-to-retire-early/#comment-2172 one thing I dislike about "retirement" calculators is they all make the same assumption, that one needs to work 40+ years and have millions in the bank to retire. Yuck what a horrible thought working till your 65 even 60. Even if you like your job do you really want to spend the next 30-40 years there. A big no. Thankfully there is a simple easy to do alternative. Super early retirement say before 40, as impossible as it sounds loads of people have done it. For Canadians Derek Foster (Canada's youngest retiree at 34) for Americans check out the Millionair Mommy next door blog. She went from working Mom to retired SAHM and SAHD in a short 10 years. The only thing lacking on her blog is more about frugal living, but that's why we have blogs like this and the simpledollar. To me the whole reason of frugal living is to escape the rat race. While I haven't gotten there yet I'm determined to keep my working years as short as possible. If one can learn to live well below your means super early retirement can be possible. one thing I dislike about “retirement” calculators is they all make the same assumption, that one needs to work 40+ years and have millions in the bank to retire.

Yuck what a horrible thought working till your 65 even 60. Even if you like your job do you really want to spend the next 30-40 years there.

A big no.

Thankfully there is a simple easy to do alternative. Super early retirement say before 40, as impossible as it sounds loads of people have done it. For Canadians Derek Foster (Canada’s youngest retiree at 34) for Americans check out the Millionair Mommy next door blog. She went from working Mom to retired SAHM and SAHD in a short 10 years. The only thing lacking on her blog is more about frugal living, but that’s why we have blogs like this and the simpledollar.

To me the whole reason of frugal living is to escape the rat race. While I haven’t gotten there yet I’m determined to keep my working years as short as possible.

If one can learn to live well below your means super early retirement can be possible.

]]>