so i just did the math

[BK_Adores_Chase]

and if i retire when i'm 60 and die when i'm 80 i'll need to save 72,000 dollars for groceries - HOLY CRAP, and i forgot to add gas expenses --- and what if i want to catch a movie!?  I better start saving now!

[mawhite63]

80 is kind of young to pass away nowadays...

Some people who are 80:

Robert Duvall
James Earl Jones
William Shatner    
Leonard Nimoy
Regis Philbin



Better start saving double LOL!

[dreamyxo]

Yes start saving when you are young.  Either that or just don't eat as much.

[catherinedwhite]

There is a saying-
"Pay Yourself First"

Just pretend it is another bill and pay it monthly.
The problem is once you accumulate some money,
most people will spend it.
You have to put it away and forget about it until
you retire.

Good luck.

[oldbuddy]

and if i retire when i'm 60 and die when i'm 80 i'll need to save 72,000 dollars for groceries - HOLY CRAP, and i forgot to add gas expenses --- and what if i want to catch a movie!?  I better start saving now!

Along with your savings, perfect your skills at getting referrals and you can easily supplement whatever income you end up with by using the Internet. It has been a real Godsend for me.

[acurtsinger2]

its hard to save anything now a days......

[raven1114]

plus figure in the fact that the price of food will likely increase during that time as well.

[articx]

You could save money by becoming an extreme couponer.

[Joeyramone]

Start now and keep on top of your finances.  Its going to be difficult to retire comfortably without a lot of hard work the way things are going.

[katielucas89]

ITS HARD MAKING A LIVING WITH JUST ENOUGH PAY TO PAY BILLS ! CANT SAVE UP ANYTHING AND UNTIL THIS ECONOMY CHANGES I THINK I WILL STRUGGLE BAD WHEN I GROW OLDER .

[ieatfelt]

Don't forget the fact that SS will probably be long gone when your 80. Not to mention benefits like medicare, etc. Those will be gone as well... Good Luck!  

[oldbuddy]

Don't forget the fact that SS will probably be long gone when your 80. Not to mention benefits like medicare, etc. Those will be gone as well... Good Luck!  

I've been hearing that same story since I was in high school and now I'm 73.

[BK_Adores_Chase]

I'M DOOMED!

[mom2taz]

saving money each week in CD's or Savings account or something like that is the way to go....IMO...found out the hard way that investing in stocks and expecting a profit  is not such a good idea

[mlhnceh]

no your not, just make a commitment to start saving a little bit out of each paycheck and don't spend it.  I don't believe that medicare and social security are going to end.  but even if you have those, you need to have more to supplement your income.