- If I retire at 55 with the CalPERS system alone (meaning no additional retirements and not a dime from anyone else) I'll receive 66% of my highest earning year for 33 years of employment. This would mean i'd be getting an annual paycheck of $24,585.00 a year till i'm 88.... which equals $811,305.00 before annual taxes
- If I retire at 65 with the CalPERS system alone (meaning no additional retirements and not a dime from anyone else), i'll receive 107.5% of my highest earning year for 43 years of employment. This would mean i'd be getting an annual paycheck of $40,043.75 a year till i'm 108 years old. ... which equals $1,721,881.25 before annual taxes
I think I'll work until i'm 65.
I will retire May 21st, 2051
and if i continue to max out my ROTH while I can, That should be enought to travel with or to help cover the costs of the future hubby.
that's amazing. i haven't even started those kinds of projections.. what kind of work do you do???
ReplyDeletei'll blog about it
ReplyDelete