ilmscore | 7 Signs You Should Retire Earlier Than You Think...

7 Signs You Should Retire Earlier Than You Think...

Predictions from this Video

Total: 5
Correct: 0
Incorrect: 0
Pending: 5
Unrated: 0
Prediction
Topic
Status
Most Americans are predicted to work until age 65 or 70.
"Most Americans will be grinding until the age of 65 or 70."
Retirement Age
Pending
An individual with a $70,000 annual income and a 70% savings rate (assuming 8% annual return) is predicted to retire in 8 years from a zero portfolio balance.
"You can see that someone with this current annual income and a 70% savings rate can retire in 8 years starting with a zero portfolio balance."
Early Retirement
Pending
An individual with a $70,000 annual income and a 50% savings rate (assuming 8% annual return) is predicted to retire in 14.3 years from a zero portfolio balance.
"As soon as you turn that down to 50%, we're looking at 14.3 years."
Early Retirement
Pending
An individual with a $70,000 annual income and a 30% savings rate (assuming 8% annual return) is predicted to retire in 22.5 years from a zero portfolio balance.
"And then at a 30% savings rate, it'll take much longer to get there, 22 1/2 years."
Early Retirement
Pending
An individual with a $70,000 annual income and a 10% savings rate (assuming 8% annual return) is predicted to retire in 41.7 years from a zero portfolio balance.
"At a savings rate of 10%, you can see that the years until retirement is 41.7 years, which is pretty long."
Early Retirement
Pending