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Originally Posted by Seaver
10% plus the matching 5% = 15. In addition, you're not taking into consideration the investment interest it builds during the whole time (compound at that).
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I'll be generous, then. Let's say you have $650-700k + $401k + SS. Is that enough? In order to maintain my lifestyle, I calculated that I'd need over $5m if I retired around 68-70 and lived 15 years (which is about my life expectancy). I'll be retiring a little after 2050, and assuming the dollar somehow stabilizes in the next few years 330k a year will be able to provide the equivalent to a $70-80k a year lifestyle now, if we're damned lucky.
Wait, how old are you?