{"id":7751,"date":"2014-06-04T12:54:52","date_gmt":"2014-06-04T19:54:52","guid":{"rendered":"http:\/\/www.marketriders.com\/investing\/?p=7751"},"modified":"2016-12-21T07:28:02","modified_gmt":"2016-12-21T15:28:02","slug":"retirement-ready-get-aggressive-future","status":"publish","type":"post","link":"https:\/\/www.marketriders.com\/investing\/retirement-ready-get-aggressive-future\/","title":{"rendered":"Retirement: Ready to Get Aggressive for Your Future?"},"content":{"rendered":"<p style=\"color: #333333;\">One of the unfortunate facts of planning for\u00a0retirement\u00a0is that it takes money. The more the better.<\/p>\n<p style=\"color: #333333;\">We aren&#8217;t necessarily programmed as human beings to think very far into the future. Even less are we prone to give up a comfort today for a promised but uncertain comfort in the future.<\/p>\n<p style=\"color: #333333;\">Yet our logical brains know that the future is coming and that we need to prepare for it. That means money.<\/p>\n<p style=\"color: #333333;\"><a href=\"https:\/\/commons.wikimedia.org\/wiki\/File:US_Navy_110325-N-7544A-044_Master-at-Arms_2nd_Class_Nancy_Mora_works_out_on_a_speed_bag.jpg\"><img loading=\"lazy\" class=\"alignnone size-full wp-image-7753\" src=\"https:\/\/www.marketriders.com\/investing\/wp-content\/uploads\/2014\/06\/box.jpg\" alt=\"retirement\" width=\"512\" height=\"340\" srcset=\"https:\/\/www.marketriders.com\/investing\/wp-content\/uploads\/2014\/06\/box.jpg 512w, https:\/\/www.marketriders.com\/investing\/wp-content\/uploads\/2014\/06\/box-300x199.jpg 300w\" sizes=\"(max-width: 512px) 100vw, 512px\" \/><\/a><\/p>\n<p style=\"color: #333333;\">Worse, our earnings early in our working lives tend to be lower, so saving a large amount in absolute dollars is very hard. We thus push off the idea of saving into the future, when we feel we will have more flexibility.<\/p>\n<p style=\"color: #333333;\">That&#8217;s not what happens, of course. It&#8217;s very hard once you put on weight and need a larger pant size to roll back the clock. Likewise, once you get to a set level of spending, living on less is tough.<\/p>\n<p style=\"color: #333333;\">Thus it&#8217;s important, at whatever stage you find yourself, to be aggressive about saving and investing. The dollar amounts might be very different, but that&#8217;s okay. Ten percent of a relatively meager income can turn into a lot of money, so long as you start early.<\/p>\n<p style=\"color: #333333;\">Why is that? Compounding. The longer you save,\u00a0<a title=\"Key to Retirement Success Is Compounding\" href=\"https:\/\/www.marketriders.com\/investing\/key-to-retirement-success-is-compounding\/?utm_source=marketriders&amp;utm_term=2014-06-06-retirement-ready-to-get-aggressive-for-your-future\/\">the more time that money has to grow<\/a>\u00a0and turn into more money.<\/p>\n<p style=\"color: #333333;\">Money doubles every 10 years or so at a market rate of return. But it&#8217;s that second decade when things get interesting. If you have just $5,000 to set aside a year, it will become about $84,000 in a decade&#8217;s time.<\/p>\n<p style=\"color: #333333;\">Why not $50,000? Because each year you earn interest, dividends and capital appreciation \u2014 if you own\u00a0<a title=\"ETF Portfolio Management Made Easy\" href=\"https:\/\/www.marketriders.com\/investing\/etf-portfolio-management-made-easy\/?utm_source=marketriders&amp;utm_term=2014-06-06-retirement-ready-to-get-aggressive-for-your-future\/\">a portfolio of reasonably invested asset types<\/a>.<\/p>\n<p style=\"color: #333333;\">Over the next decade your money doubles from the new base position of $84,000. What&#8217;s more, you continue to save that $5,000 a year. You are in the vicinity now of $245,000.<\/p>\n<p style=\"color: #333333;\">Ten years more and it&#8217;s $573,000. At full four decades at you hit $1.2 million. Remember, you never increased your savings rate above $5,000, but you also never quit saving.<\/p>\n<h2 style=\"color: #333333;\"><strong>Rate of return<\/strong><\/h2>\n<p style=\"color: #333333;\">If you&#8217;re already well into your working career, you can make the same thing happen. But you now lack the time advantage, so it will take more money. If you have just 25 years to save, you&#8217;ll need to hit the 401(k) maximum of $17,500 to get to $1.3 million. A couple doubling up at $34,000 will get to just over $1 million within 15 years.<\/p>\n<p style=\"color: #333333;\">You could also simply shoot for a higher rate of return. But the chances are much higher of missing your target, since\u00a0<a title=\"How To Invest With Minimal Risk\" href=\"https:\/\/www.marketriders.com\/investing\/how-to-invest-minimal-risk\/?utm_source=marketriders&amp;utm_term=2014-06-06-retirement-ready-to-get-aggressive-for-your-future\/\">the more risk you take with your portfolio<\/a>, the more likely it is that a market decline will set in at exactly the wrong moment.<\/p>\n<p style=\"color: #333333;\">It&#8217;s possible to retire well and on time, so long as you run the numbers and fully understand how aggressive you need to be \u2014 aggressive in terms of saving \u2014 in order to achieve your personal goal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>One of the unfortunate facts of planning for\u00a0retirement\u00a0is that it takes money. The more the better. We aren&#8217;t necessarily programmed as human beings to think very far into the future. &hellip; <a href=\"https:\/\/www.marketriders.com\/investing\/retirement-ready-get-aggressive-future\/\">Read more <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":8,"featured_media":7753,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_wp_rev_ctl_limit":""},"categories":[8],"tags":[37],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.6.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Retirement: Ready to Get Aggressive for Your Future? | MarketRiders<\/title>\n<meta name=\"description\" content=\"One of the unfortunate facts of planning for retirement is that it takes money. 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