@femme_financial: Replying to @sambearcomedy How much do you need to retire? You're off to a great start! I would increase the amount you are doing once you get your emergency fund set and any other big expenses taken care of. By increasing to >~$850/month you are giving yourself a better shot at clearing 1M by age 60 with a hypothetical 7% avg rate of return. How much you need in retirement depends on a lof of factors including yearly expenses, location, inflation, etc. so $1M may not be enough (or may be plenty!) depending on these factors. As always, consult a licensed advisor or CPA for a more accurate assessment. Hope this helps! #PersonalFinance #financialeducation #girlsthatinvest #financialfeminist #investingforbeginners

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Wednesday 08 February 2023 23:09:41 GMT