MSN Money – Are you on track to retire rich?
According to their charts, you could say I’m on track. The issue I have with this, however, is they use $1,000,000 at retirement as a goal. However, by the time I retire, due to inflation and to increasing life expectancies, $1,000,000 is not going to be enough to retire on.
I don’t think I could see myself fully retiring, anyway. It’s so far away from me, who knows whether I will want to stop working. If I am getting a great satisfaction from my job and I am still capable of doing it, I may not go until I am forced to, at which point I might just find another similar job. It’s too early to tell what I will want at that point of my life.
Updated March 5, 2014 and originally published September 26, 2003. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.