How much money do you need to retire at 39?
by 
malevolentbutticklis
ANSWERS: 3
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Depends on how you want to retire. You could have the dollar menu for the next 50 years with a paid of house and survive on 100,000. If you want an extravagant life of travel and dining etc. you'll need a few million. The average retirement of someone who is 55 is 200,000 and these people usually work part-time.
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I would shoot for about twenty five times your target income. Calculating your target income is another question, but you may like to think of it as what earn right now plus a compunded 5% until you reach 39. The assumption here is that you are more or less satisfied with your income now.
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Check out some of the web sites that Money Magazine recommends such as SavingAdvice.com or Google retirement calculators~it's Shocking!!
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