HOW TO VIEW THE CHART AND WHAT IT SAYS:
if you’re 35 years old and earn $100,000 a year, you should have saved $140,000 by now. Among other things, this assumes you continue to contribute 5% of your salary annually, you retire at age 65, and you die at age 95. (See box for other assumptions.). But if you stick to this plan, you are likely to retire comfortably.
This shows you what you would expect under a free and open capitalist free marketsystem. It does not include increase government taxes and penalties you’ll bet under Social Security, nor does it include plans of every socialist Democrat politician to relieve you of the well-funded retirement.
Harken back to Hillary’s pre 1994 attempts by her lessor ghouls to advocate ‘assessment’ of retirement accounts.
That, and worse, continues today.
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LOL! Being into my 4th year of retirement, I can without a doubt say........ A WHOLE LOT MORE THAN I DID. But we’re comfy.
35 making 100k? For how long?
How many 35 year olds make that money?
I could sock away 50k every year if I made that money.
WHO is getting a five percent investment return, and HOW ON EARTH are they doing it?????