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lumberjack_jeff

(33,224 posts)

7. That means we have roughly 30 years to acquire as much wealth as possible.

Reply to TheMastersNemesis (Original post)

Wed Jan 29, 2014, 12:29 PM

Jan 2014

If you need 20x your annual income as a retirement fund, that means you must save/invest about 20% of your income at a 4% rate of return during your entire working life... 10% interest if you spend 8 of those in (or paying for) college.

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50 Is The New Retirement Age [View all] TheMastersNemesis Jan 2014 OP

It wouldn't be if we would stop offshoring our jobs n2doc Jan 2014 #1

Correct. LuvNewcastle Jan 2014 #5

That was true in my case.....I haven't worked since 2000 (when I was 48). Looked for a job for four livetohike Jan 2014 #2

I am not so pessimistic. intheflow Jan 2014 #3

Happy Birthday! Le Taz Hot Jan 2014 #4

Happy Birthday! PasadenaTrudy Jan 2014 #6

Great perspective LordGlenconner Jan 2014 #13

Forced (ageist) retirement is not synonymous with "my life is over". Egalitarian Thug Jan 2014 #16

That means we have roughly 30 years to acquire as much wealth as possible. lumberjack_jeff Jan 2014 #7

While simultaneously learning enough about the market to wisely invest Fumesucker Jan 2014 #8

That is going to happen... PowerToThePeople Jan 2014 #9

All problems are math problems. lumberjack_jeff Jan 2014 #11

True. Capitalism is an unstable equation. PowerToThePeople Jan 2014 #14

I would say 55 but based on post 2008 mentality of businesses Johonny Jan 2014 #10

Damn I am past due. mstinamotorcity2 Jan 2014 #12

That's because there's waaay too many people around CFLDem Jan 2014 #15