Week 4

The total of my future expenses each year are $60,000. I know this is logical because my primary source for information is a website to calculate your expenses(http://www.learnvest.com/knowledge-center/m-a-s-h-calculator-how-much-will-my-lifestyle-cost/).

According to US News and World Report I can likely count on making $95,000 each year in my future job as a software developer. My education/training to get that job will cost $160,000 total for all years of training.

I want to save $9,500 for my rainy day fun each year, and $9,500 for retirement each year(10% for each). If I save $9,500 for retirement each year, by the time I am 65 years old(and starting at age 22, when Iwill most likely graduate from college.) I will have $408,500 plus interest..

Comparing my future income and expenses makes me think that I am luckily to be interested in technology, because there are a lot of high paying jobs in that field. Also it makes me think that if I am smart about my savings, I should have no problem saving for retirement and having emergency money.