this post was submitted on 06 Oct 2023
31 points (94.3% liked)

FIRE (Financial Independence Retire Early)

1134 readers
1 users here now

Welcome!

FIRE is a lifestyle movement with the goal of gaining financial independence and retiring early.

Flow Charts:

Personal Income Spending Flow Chart (US)

Personal Income Spending Flow Chart (Canada)

Finance Flow Chart (UK)

Personal Income Spending Flow Chart (Australia)

Personal Finance Flow Chart (Ireland)

Useful Links:

Bogleheads Wiki

Mr. Money Moustache - a frugal lifestyle blog

The Earth Awaits

Related Communities:

/c/PersonalFinance@lemmy.ml

/c/PersonalFinance@lemmy.world

/c/PersonalFinanceCanada@lemmy.ca

/c/AusFinance@aussie.zone

founded 1 year ago
MODERATORS
G59@lemmy.ml
yenahmik@lemmy.world
sugar_in_your_tea@sh.itjust.works
bloodsangre7@lemmy.world
sevan@lemmy.world
andocas@lemmy.world
31
More than one-third of millennials believe they won’t get a dime of Social Security when they retire, so they’re taking matters into their own hands (creditnews.com)
submitted 1 year ago by yenahmik@lemmy.world to c/fire@lemmy.ml
5 comments fedilink hide all child comments
 

cross-posted from: https://lemm.ee/post/10563312

Of all generational cohorts, older millennials are most likely to generate enough income to retire comfortably, according to the latest Vanguard Retirement Readiness report.

Specifically, millennials aged 37-41 have the greatest chance of landing a comfortable retirement.

you are viewing a single comment's thread
view the rest of the comments
[–] yenahmik@lemmy.world 3 points 1 year ago

Mid-30s, >$425k, ideally 40 but that could change based on if I have kids. I will certainly be more than set by standard retirement age.