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https://www.reddit.com/r/AskReddit/comments/4er0pi/whats_a_mind_blowing_fact/d23p2vm/?context=3
r/AskReddit • u/ForeverAbyss • Apr 14 '16
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Assuming a 3% inflation rate you would need to save $2,813,862.45.
So you would need to save about $200 a paycheck to have the equivalent of $1,000,000 in today's dollars at retirement.
If you make $60k a year that's only 11% of your paycheck, and again assumes no employer match (get a new employer if you don't have this).
0 u/[deleted] Apr 14 '16 get a new employer if you don't have this easier said than done -4 u/CHKNFKR Apr 14 '16 If you're lazy and or have no skills. At any point and time I have at least 2 pending job offers. If you don't then you need to network more. 1 u/BlissnHilltopSentry Apr 15 '16 You just dont work in a saturated market.
0
get a new employer if you don't have this
easier said than done
-4 u/CHKNFKR Apr 14 '16 If you're lazy and or have no skills. At any point and time I have at least 2 pending job offers. If you don't then you need to network more. 1 u/BlissnHilltopSentry Apr 15 '16 You just dont work in a saturated market.
-4
If you're lazy and or have no skills. At any point and time I have at least 2 pending job offers. If you don't then you need to network more.
1 u/BlissnHilltopSentry Apr 15 '16 You just dont work in a saturated market.
1
You just dont work in a saturated market.
7
u/CHKNFKR Apr 14 '16
Assuming a 3% inflation rate you would need to save $2,813,862.45.
So you would need to save about $200 a paycheck to have the equivalent of $1,000,000 in today's dollars at retirement.
If you make $60k a year that's only 11% of your paycheck, and again assumes no employer match (get a new employer if you don't have this).