Just for fun, let’s do some math…
Did you know that if you work until you’re 65, and live until you’re 85, you need $240,000 saved up just to “get by” on $12,000 a year? Do you know where you stand right now?
1. Subtract your current age from 65 (85 - ___) =… That’s the time you have left to save money.
2. Multiply what you’re saving now per year by this figure… Assuming you earn a conservative interest rate (historically good investments only yield a 3% spread ahead of inflation), is that enough money to support your lifestyle in retirement?
Just a thought.
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