The Guilty Investor

With the current amount of monthly savings, when will you hit the $1 million savings? Are you saving enough for your kid's college education? Will $100,000 be enough when you retire? Will $2.5 million be enough when you retire?  How will your upcoming house mortgage payments affect your retirement savings? All these and related questions, boil down to one simple question. How do you find if you are saving(and investing - remember that saving is not the same as investing) enough right now? There are multiple ways and even more tools and best practices to calculate and find if you are roughly on track towards a good saving and investing regime. It is futile to aim for accurate numbers or to assess if you will have saved $2.4 million by the age 63. What is more important, is to assess if you are roughly on track. With the innumerable variables in life, it is next to impossible to predict accurate numbers and financial milestones. Yet, educated best practices and tools, historical l