About Me

jIM

I am a 35yo married and father of twins. I will update the photos once in a while. They were born 3 months early in March of 2008 and went through a tough first 4 months. They are now doing well.

Retirement checkpoints
( ) $1.5 M needed age 53 2026
( ) $750k needed age 45 2018
( ) $375k needed age 37 2010
( ) $180k needed age 29 2002

I had 200k before the drop in 2008. I need to set aside around 200k in next 2.5 years to get early retirement.

[ ] max 401k for me
[ ] max 401k for wife
[x] max Roth for me
[x] max Roth for wife
[x] start taxable portfolio
[ ] 3 months expenses in EF
[ ] 9 months expenses in taxable account
[ ] open college savings account for kids
[ ] dividend income equals half of annual expenses
[ ] pay off 2nd mortgage by 2013
[ ] pay off 1st mortgage by 2026
[ ] finance next car for 3 years or less
[ ] pay cash for my next car around 2016
[ ] start a TIPs 10 year bond ladder by 2016.

Retirement calculators

January 3rd, 2009 at 02:34 am

I put a date on my retirement in 2008 (2026) and had not ran thru retirement calculators with it.

T Rowe Price would not let me retire that early on their calculator.

Firecalc suggested I have 100 percent success with 27k of annual contributions (need to find a way to keep that up).

There is another calculator I am linked to on a bookmark which suggests I have a 90+ percent chance of retiring in 2026.

Posted in retirement | 2 Comments »

2 Responses to “Retirement calculators”

zetta Says:
January 3rd, 2009 at 06:18 pm

Could you post a link to the calculators you used?
jIM_Ohio Says:
January 5th, 2009 at 01:54 pm

I prefer this one
http://www.flexibleretirementplanner.com/java/LaunchFRPWeb.h...
I tried this with some success (this has the exact numbers I input)
http://firecalc.com/index.php?wdamt=60000&PortValue=120000&t...
I did not like this one
http://individual.troweprice.com/public/Retail/Planning-&-Re... (click retirement income calculator).

jIM_Ohio is Investing to retire early

Instead of making retirement a question, make it a sport- can I do it and how fast?

Retirement calculators

2 Responses to “Retirement calculators”

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