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6:26 am
January 6, 2012
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retireby40
| | USA | |
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My net worth post is up and I have a poll for you.
How much would you want to be worth before you retire?
Take the poll and see what others think.
http://retireby40.org/2012/01/…..rth-sp500/
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7:15 am
January 6, 2012
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jaicatalano
| | New York | |
| Member | posts 846 |
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I wish there would have been a billionaires button. Hey you never know.
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8:25 am
January 6, 2012
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Miss T @ Prairie Eco-Thrifter
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Ok, I will go check it out. Sounds interesting.
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11:55 am
January 6, 2012
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Jeffrey Trull
| | CT | |
| Member | posts 134 |
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I took it! Interested to see the results, and I bet most will fall into either $2 million or $5 million
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12:38 pm
January 6, 2012
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retireby40
| | USA | |
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Is that realistic? The average net worth of 65+ Americans is only 250k.
It would be nice to have $5 million, but I don't think I'll get there.
Jeffrey Trull said:
I took it! Interested to see the results, and I bet most will fall into either $2 million or $5 million
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2:08 pm
January 6, 2012
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maria@moneyprinciple
| | Manchester, UK | |
| Member | posts 679 |
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I did the poll – I am average and what I checked is realistic.
Maria
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6:09 pm
January 6, 2012
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The College Investor
| | San Diego, CA | |
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1:43 pm
January 7, 2012
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Jackie
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Post edited 1:47 pm – January 7, 2012 by Jackie
retireby40 said:
Is that realistic? The average net worth of 65+ Americans is only 250k.
It would be nice to have $5 million, but I don't think I'll get there.
Wow really? Only $250K is average? That's pretty scary.
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1:57 pm
January 7, 2012
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DebtFreeByThirty
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Nice post Joe. I took it but I was trying to be realistic. Would be nice to have 5 or 10 million though. :)
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8:14 am
January 9, 2012
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Charles @ MoneyGreenLife
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it all depends on how old you are now. If you're like Tony Chou and only 15 years old, then you might aim super high. But if you're already close to retirement age, then you'll have a more realistic goal. I'm in the mid 30s so I still have 30 years to build wealth. If I gain 10% every year from $100,000, then I'll have close to 1.75 million in 30 year. If I do a little better than 10% to 15%, then the number grows exponentially to over 6.5 million.
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5:09 am
January 10, 2012
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money cactus
| | Australia | |
| Member | posts 33 |
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nice poll Joe, liked the post too. Interesting to see that there is currently an even spread from 1 to 5 million, but then everyone has different needs and wants don't they? I'm a fan of @Charles' logic and am in the same boat, hoping for that higher rate of increase too!
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5:28 am
January 10, 2012
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Dr Dean
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Great post and even better discussion. It is interesting to read how many people's plan is to have passive income streams in addition to their traditional retirement plans.
And more and more are understanding retirement isn't about quitting work as much as more freedom and flexibility to "work" at what you enjoy. Who wants to play golf and watch TV day in and day out….
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9:39 am
January 10, 2012
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retireby40
| | USA | |
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Thanks everyone for taking the poll.
It's interesting that so many people are choosing 2 millions plus. That is a lot of money, but I guess it's good to shoot for the stars. 
Dr. Dean is right about passive income streams. We really need those to help with our retirement now that pensions have mostly disappeared.
Dr Dean said:
Great post and even better discussion. It is interesting to read how many people's plan is to have passive income streams in addition to their traditional retirement plans.
And more and more are understanding retirement isn't about quitting work as much as more freedom and flexibility to "work" at what you enjoy. Who wants to play golf and watch TV day in and day out….
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