Ask an Advisor: When Can I Stop Saving for Retirement? I'm a 39-Year-Old Military Officer With $722K in Savings

Group 1 - The individual has a total of approximately $722,000 in retirement assets at age 39, which includes $587,000 in a 401(k)/TSP and $135,000 in a Roth IRA [1][8] - The individual plans to sell a rental property for an expected net gain of about $250,000 after fees and taxes, which will further contribute to retirement savings [2][8] - The individual anticipates retiring around age 59 ½, allowing for about 20 years of compounding on the total retirement assets [8] Group 2 - If the investments earn a long-term return of approximately 7%, the total retirement assets could grow to about $3.8 million by the retirement age, which would be approximately $2.13 million in today's dollars when adjusted for 3% annual inflation [9]