How do you invest your money to receive 80% of your current income at retirement if you are 30 years old?

If you are 30 yrs old and just have a $15,000 emergency fund, how would you suggest a person invest thier money so that they can receive 80% of their $50,000/yr income by the time they turn 65 and expect to live 20 yrs after retirement?

Michael - he's not asking about 80% returns, he's looking to keep earning 80% of his current income (40,000) from his retirement fund

- It amazes me people think they need to maintain their current income going into retirement - does everyone expect to keep paying a mortgage and new car loans in retirement? I don't - I hope to be able to live comfortably on half o f what I'm making now, with 15 yrs to go. I have land bought for retirement property and won't spend more to build than I clear from sale of my current home in 15 yrs. - I don't need a 3000 sq ft home ro a $40,000 car.

Put 4000 into a roth ira for 2007 contribution, $5000 for 2008 contribution and purchase an Aggressive balanced fund. Open the acct directly at the mutual fund company (American Funds, Findelity, etc.). Now you'll have $6000 leftover, put that into a regular brokerage acct and do the same type of investment. Contribute the MAX to your roth each year. Maximize you 401k (what you can afford, but at the very least put in what your employer matches).

you would never get 80% return Your best bet is co-op funds which wil give a return of max 12%

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