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What do I have to do so I can retire at 48?

That is my goal and I will do whatever it takes.

asked by temporarilyunemployed (42)

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Tags:  age  retirement  what to do

answers

First, max out your employer's retirement plan, find out what the maximum you can put away a year and do it. Next, open an IRA account and fund that with the maximum as well ($5000). Any additional amounts you can possibly put into a savings/mutual funds, do that as well.

8 votes

Have enough money in the bank to last you for the next 40 years (or however long you plan to live). Figure out how much you need each month, and go from there.

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posted by Brett (4844)
6 votes

Well I hope you have something else to do. It's boring. Save, save, save your money now. Pay off your house and car. Bank what you have paid on these.

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posted by Latin4 (6921)
4 votes

If you set up a good 401k plan you may be able to retire early. Pretty much you just need to save up enough money to be able to live on for many years to come.

4 votes

48 is not a retirement age. This is the right time to achieve high goals in your life. So best of luck and try to do the best in your life

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posted by unni (255)
4 votes

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