I'm not sure how this calculates the investment savings but I hope it is right!
Says starting with 300k and saving 500/mo I'll have $2.4mil in 20 years...
Show HN: Investment Calculator – A simple retirement calculator
21–30 of 218 posts
Re: Show HN: Investment Calculator – A simple retirement calculator
#22"How much do you currently have saved?" What does this mean? Cash? Illiquid assets? Retirement funds?
Since this is a retirement calculator I assume it’s asking about your retirement fund.
Re: Show HN: Investment Calculator – A simple retirement calculator
#23These things are always a bit depressing and make me want to invest in a bottle of bourbon.
Re: Show HN: Investment Calculator – A simple retirement calculator
#24All this does is scare me. I honestly hope I die before I have to retire, because there's no way I'm going to have saved enough money to live off of, even modestly, and no way I'm going to remain sharp enough to continue earning through and beyond my 60s.
Pay off a modest $100k house in a low cost of living area and you should be able to survive on Social Security alone.
Save more if you can though.
Re: Show HN: Investment Calculator – A simple retirement calculator
#25Nice to see your income rise so much just before you die and a lawyer gives it all away. Alas “the old have the means but no mobility, and the young have the mobility but no means”
What are you even talking about? When you retire you stop accumulating savings and start spending it. At first it continues to grow but if you plan correctly you will have made good use of it by end of life. Then it will be depleted.
Re: Show HN: Investment Calculator – A simple retirement calculator
#26These things are always a bit depressing and make me want to invest in a bottle of bourbon.
There is etf for whisky $WSKY
Re: Show HN: Investment Calculator – A simple retirement calculator
#27All this does is scare me. I honestly hope I die before I have to retire, because there's no way I'm going to have saved enough money to live off of, even modestly, and no way I'm going to remain sharp enough to continue earning through and beyond my 60s.
Pay off a modest $100k house in a low cost of living area and you should be able to survive on Social Security alone. Save more if you can though.
Social Security, in my retirement? That's a laugh.
Re: Show HN: Investment Calculator – A simple retirement calculator
#28I'm not sure how this calculates the investment savings but I hope it is right! Says starting with 300k and saving 500/mo I'll have $2.4mil in 20 years...
That's the power of compounding interest. Just make sure to avoid fees. They compound, too.
Re: Show HN: Investment Calculator – A simple retirement calculator
#29You can save money by decreasing your savings every month instead of contributing a fixed amount. I've never seen an investment calculator or vehicle that allows for such a plan.
Do you mean "frontloading" the year? As in 1000 jan, 900 feb, etc? Or was it a typo and you meant decreasing your spending?
Re: Show HN: Investment Calculator – A simple retirement calculator
#30All this does is scare me. I honestly hope I die before I have to retire, because there's no way I'm going to have saved enough money to live off of, even modestly, and no way I'm going to remain sharp enough to continue earning through and beyond my 60s.
Pay off a modest $100k house in a low cost of living area and you should be able to survive on Social Security alone. Save more if you can though.
Do this when you are young, too. Doing this when you're older, say 50+, can still work, it's just harder. Unless I pay my mortgage off early, before I qualify for Social Security, I'll still be paying it. On the other hand, it's less than $800/month, so I am not too worried.