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View Poll Results: What percent of current income are you trying to match?
More than 100% 18 14.06%
100% 18 14.06%
90-99% 5 3.91%
80-89% 16 12.50%
70-79% 25 19.53%
60-69% 17 13.28%
50-59% 11 8.59%
Less than 50% 18 14.06%
Voters: 128. You may not vote on this poll

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Old 02-05-2016, 01:26 PM
 
Location: RVA
2,179 posts, read 1,278,843 times
Reputation: 4506

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Well, you are an exceptionally technical woman. Very true about the gadgets and toys for men, and frugality of many women over men. I would always sacrifice a boy toy to make my wife happy if she wanted something to make her comfortable (better lodging in travel, etc), her hair done or something nice. I was looking at it more like that, stereotypically. If I were traveling alone, I would be doing it much cheaper than I can with my wife. I enjoy an adventure more than a luxury. She definitely does not.
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Old 02-06-2016, 08:57 AM
mlb
 
Location: North Monterey County
3,224 posts, read 2,879,370 times
Reputation: 4947
We are 3 years out from my retirement. Husband works part-time when he can find it.

We live on about $40K a year - my actual salary is about 56K - saving the rest.

Pension will be about $30K plus whatever SS from both of us gets - plus we will have close to 700K (if not more) in retirement savings.

We are moving to a more expensive state..... but plan to live frugally.

I suspect that if we can generate $60K a year from all our sources we will be fine.
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Old 02-06-2016, 05:01 PM
 
Location: Yavapai County
752 posts, read 489,225 times
Reputation: 943
Quote:
Originally Posted by emm74 View Post
Well, it's just a question. I didn't ask how people were trying to achieve the percentage, I didn't ask what the actual numbers were. Since percent of current income you want to have in retirement is frequently used as a proxy for how much you will need (at least as a starting point subject to individual variation) by many investment companies, I was just curious to see what was happening in the real world.
I think it is a good question! Lots of of food for thought and it has generated some very interesting, useful responses.
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Old 02-06-2016, 05:09 PM
 
Location: in the miseries
3,302 posts, read 3,593,828 times
Reputation: 3810
120% for now.

No one to inherit.
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Old 02-06-2016, 10:50 PM
 
33,046 posts, read 22,159,477 times
Reputation: 8970
I try to achieve all of my current income, I don't have sources of passive income.
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Old 02-07-2016, 03:15 AM
 
72,241 posts, read 72,198,066 times
Reputation: 49791
you don't have much in sources of current income either . hence before your money can work for you , you have to first start working for some real money .

in the end it is both your human capital and investment capital working togther that pull you ahead

Last edited by mathjak107; 02-07-2016 at 04:43 AM..
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Old 02-07-2016, 06:08 AM
 
Location: in the miseries
3,302 posts, read 3,593,828 times
Reputation: 3810
Quote:
Originally Posted by mathjak107 View Post
you don't have much in sources of current income either . hence before your money can work for you , you have to first start working for some real money .

in the end it is both your human capital and investment capital working togther that pull you ahead
Amen

Just always wanted to say that
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Old 02-07-2016, 09:04 AM
 
33,046 posts, read 22,159,477 times
Reputation: 8970
Quote:
Originally Posted by mathjak107 View Post
you don't have much in sources of current income either . hence before your money can work for you , you have to first start working for some real money .

in the end it is both your human capital and investment capital working togther that pull you ahead

Hey, I make money the old-fashioned way, I earn it.
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Old 02-07-2016, 03:14 PM
 
663 posts, read 484,433 times
Reputation: 1705
I'm currently at 110%, but one could argue that my rental property means I'm not retired.

Interesting thread.

One thing to note is about the comments in regards to the stated income of some posters: while I don't know the income of all of them (just haven't seen them all), from the few that I do recall, they still fall into the middle class for the states that they live in:

The Salary Required to Be middle class in every state

And here's one that goes into specific cities: How Much (Or Little) The Middle Class Makes, In 30 U.S. Cities : Planet Money : NPR

So trying to say someone is rich, middle class, or poor has to take into account their state and/or city.
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Old 02-07-2016, 03:21 PM
 
72,241 posts, read 72,198,066 times
Reputation: 49791
Quote:
Originally Posted by freemkt View Post
Hey, I make money the old-fashioned way, I earn it.
You don' t make nearly enough according to your own words and complaining.
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