quote:
I dont know why there is a bunch of you salty in here. All numbers posted seem feasible. The OP wanted a feel for where he is at. Maxing a 401k early and investing in stocks one can easily have 5-6 MM at 59.5. This info needs to be posted so young guys understand compounding interest.

This.

If you are disciplined and make a decent (not even great) income you can retire very comfortably if you start early enough.

I plan to be FatFIRE by my early/mid 50s and that's with pretty conservative assumptions for market performance.

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Posted by oneg8rh8r

Port Ludlow, WA

Member since Dec 2003

2712 posts

Posted on 1/2/21 at 4:22 pm to JohnnyKilroy

There are a huge range of personalities when it comes to investing.

I have a brother-in-law that thinks that if you do anything with your money other than stick it in a bank you are a fool. If this is your mind set, you will probably work until you die and will never retire and probably be behind the eight ball for life.

Some people are ecstatic earning 18% in a mutual fund in a year. If you are in this boat, you will probably retire in your late 60's and life a comfortable life assuming you stick to that plan.

I ain't either of those. If you are hoping to retire prior to that you have to be smart, get educated on money and make your success.

Most people with a large amount of money already know that you can't possibly earn as much as your money will make you once it starts to get rolling. Regardless of income, it is all relative.

This post was edited on 1/2/21 at 4:24 pm

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