So today I enrolled in a 401(k) so that when I'm 60 I can retire with $800,000 at the rate I'm putting in now and my projected rate of salary raise. Unfortunately, if I will want to live off of 90% of my income at time of retirement and I expect to die at 77, I'll need to have 1.2 million dollars in that puppy. Seems a little excessive.
Saving for retirement seems a little stupid right now, but I'm motivated by my Grandpa Martin who retired young as an executive for John Deere. I think he's been retired my whole life and he's almost 80. I'm pretty sure he retired in his mid-50s and they always been able to live at a very nice lifestyle. So for that reason, we shall save save save and hope that we can live long enough to enjoy and spoil our grandkids and if not then our kids will be rich!
I'm a little fried right now, so sorry for if this was poorly written. Off to dinner and Big Brother -yeah! See ya'll in A-Town tomorrow night!
Love,
Berg
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