Quote:
Originally Posted by kr4l
I'm 34 years old with no savings and investments whatsoever. You're saying If I dump all my money into s&p, I'll be good to go by 51?
Also, who wants to retire at 50? Every person that I've seen retire at 65 has either become a useless lemon or has developed some sort of illness from sitting on the couch doing nothing
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what i'm saying is that if you invest 50% of your take home pay, you can retire in 17 years, that is a statistical fact. you would get to keep on spending the same amount of money for the rest of your life (50% of today's earnings, in reality, it will be about the average over that 17 years)
there are two variables here - your take home pay and spending.