Anthony DiRegolo

Searching for ways to add value and make this place a little better.

[Anthony DiRegolo @DiRegulator]

Do I really need $1,800,000 to retire? (Part 2 of 3)

We are looking to solve how much should you have saved at different ages. Again, assuming $1,800,000 is an appropriate amount to meet your retirement goals. We assumed the following conditions:

👉 making a $22,500/year 401k contribution (max for 2023) until age 65

👉 assuming an 8% average rate of return

To find out how much should be in an investment account at each age as your progress to age 65. Here are the results:

👇 👇👇

Age 64 (1 year away) - $1,644,166.67
Age 63 (2 years away) - $1,499,876.54
Age 62 (3 years away) - $1,366,274.58
Age 61 (4 years away) - $1,242,569.05
Age 60 (5 years away) - $1,128,026.90
Age 59 (6 years away) - $1,021,969.35
Age 58 (7 years away) - $923,767.92
Age 57 (8 years away) - $832,840.67
Age 56 (9 years away) - $748,648.76
Age 55 (10 years away) - $670,693.30
Age 54 (11 years away) - $598,512.32
Age 53 (12 years away) - $531,678.07
Age 52 (13 years away) - $469,794.51
Age 51 (14 years away) - $412,494.92
Age 50 (15 years away) - $359,439.74
Age 49 (16 years away) - $310,314.57
Age 48 (17 years away) - $264,828.31
Age 47 (18 years away) - $222,711.40
Age 46 (19 years away) - $183,714.25
Age 45 (20 years away) - $147,605.79
Age 44 (21 years away) - $114,172.03
Age 43 (22 years away) - $83,214.84
Age 42 (23 years away) - $54,550.78
Age 41 (24 years away) - $28,009.98
Age 40 (25 years away) - $3,435.17

Were these results what you expected?

It's possible, but it isn't easy and it takes time and patience.

Remember, here are some questions to ask yourself in order to arrive at a more appropriate retirement number to meet your cash flow needs:

What are my financial goals?
How should I prioritize them?
How much is my steady state of spending?
Will my spending change over time?
What other income sources will I have?
Do I want to "retire" at 65?

There are many more questions to ask yourself in order to craft your version of financial independence (retirement). After you ask yourself these questions (and more), the number you arrive at might be very different than $1,800,000.

#retirement #retirementplanning #investing #juststart #financialplanning #excel #wealthmanagement #income #money #personalfinances #knowmoney #begin

[Anthony DiRegolo @DiRegulator]

@pmarca @grok explain to use of this picture in this repost.

[Anthony DiRegolo @DiRegulator]

@elonmusk @t_blom FYI, smart summons for @cybertruck is amazing!

[Anthony DiRegolo @DiRegulator]

@elonmusk @Tesla @t_blom 🙌

I’ve been sending in voice notes the last few months requesting a home designation behavior preference to remember I like to back into my driveway!

[Anthony DiRegolo @DiRegulator]

@Mr_Derivatives @grok has anyone acquired the ticker $X?

[Anthony DiRegolo @DiRegulator]

@BLSmith2112 @grok any ETA idea for when all the @robotaxis will get turned on?

[Anthony DiRegolo @DiRegulator]

@SawyerMerritt Great summary!!!
@grok can you summarize this post into a chart and have one column for Space X events and another column for Tesla events?

[Anthony DiRegolo @DiRegulator]

@PBDsPodcast Nancy Pelosi

[Anthony DiRegolo @DiRegulator]

@tai250_ @grok is this a factual representation of oral surgery?

[Anthony DiRegolo @DiRegulator]

@grok @DonRenaldo57 @farzyness @grok now name all the companies who have landed an orbital class rocket successfully and include how many successful landings in terms of percentage of total launches of orbital class rockets.

[Anthony DiRegolo @DiRegulator]

@DonRenaldo57 @farzyness @grok name all the companies both public and private who have successfully launched an orbital class rocket 🚀

[Anthony DiRegolo @DiRegulator]

An example of having ownership in a business can impact your effort and outlook on your contributions.

[Phosphen @phosphenq]

She's 22. Her AI runs inside the Fortune 100. a16z just led her $21M raise.

"Put up the most minimal fake version you probably can of something and then go sell it."

In 17 minutes, MIT grad Jessica Wu reveals the YC playbook that got her here in 24 months.

From youngest hedge fund quant to founder + the trick her batchmates missed + the Christmas Day deployment + the 10-year founder test

Worth more than a year of YC advice on your timeline

[Anthony DiRegolo @DiRegulator]

@Rainmaker1973 @grok can you explain if these claims are true and describe the support (chemistry) for why this mixture of fruit is beneficial to the human body?

[Anthony DiRegolo @DiRegulator]

This 👇

[Anthony DiRegolo @DiRegulator]

@AOC Convenient, you choose a regulated, high cost industry as support for why a wealth tax is needed.

Wealth transfers don’t help bring down costs.

Incentivizing *insert high cost industry* to bring down costs, through competition is how you benefit all.

[Anthony DiRegolo @DiRegulator]

@Mashal2_1 @grok where can I order something like this that is three feet high in the United States?

[Anthony DiRegolo @DiRegulator]

@AuthorGFAllen 🤚
the @LibbyApp is great!

[Anthony DiRegolo @DiRegulator]

@TaraBull

[Anthony DiRegolo @DiRegulator]

@RaminNasibov Foundation Series

[Anthony DiRegolo @DiRegulator]

@stats_feed @grok can you answer and provide the strategy or concept this questions testing?