this post was submitted on 06 Oct 2023
31 points (94.3% liked)

FIRE (Financial Independence Retire Early)

1131 readers
2 users here now

Welcome!

FIRE is a lifestyle movement with the goal of gaining financial independence and retiring early.


Flow Charts:

Personal Income Spending Flow Chart (US)

Personal Income Spending Flow Chart (Canada)

Finance Flow Chart (UK)

Personal Income Spending Flow Chart (Australia)

Personal Finance Flow Chart (Ireland)


Useful Links:

Bogleheads Wiki

Mr. Money Moustache - a frugal lifestyle blog

The Earth Awaits


Related Communities:

/c/[email protected]

/c/[email protected]

/c/[email protected]

/c/[email protected]


founded 1 year ago
MODERATORS
 

cross-posted from: https://lemm.ee/post/10563312

Of all generational cohorts, older millennials are most likely to generate enough income to retire comfortably, according to the latest Vanguard Retirement Readiness report.

Specifically, millennials aged 37-41 have the greatest chance of landing a comfortable retirement.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 13 points 1 year ago (4 children)

While I believe Social Security will still exist, I definitely fall into the category of millennial on track for a comfortable retirement.

It's good to see that so many people are saving for retirement, given how often you see news about how low people's savings are.

[–] [email protected] 2 points 1 year ago (1 children)

What is your age, retirement savings, and target retirement age?

[–] [email protected] 3 points 1 year ago

Mid-30s, >$425k, ideally 40 but that could change based on if I have kids. I will certainly be more than set by standard retirement age.

load more comments (2 replies)