StockFetcher Forums · General Discussion · Here we go again... another "expert?" on retirement<< >>Post Follow-up
four
4,012 posts
msg #106521
Ignore four
6/5/2012 12:43:33 AM

"Letís say that $30,000 is your spending maximum per year. If youíre 30, and planning for retirement, youíll have 35 years to build a nest egg if you want to retire at 65. With that dollar figure in mind, youíll need to save $20,000 per year, which will net you $700,000 at retirement time."

http://www.gobankingrates.com/retirement/you-dont-need-million-dollars-retire/

BIO
Paul Sisolak, Jr. Editor & Contributor

"Paul Sisolak joined the Go Banking Rates team in January 2012 and has an extensive news reporting background, where he was primarily a staff writer for several major print newspapers and other noteworthy publications. Since transitioning into the online marketing space, Paul uses his informative and investigative wordsmith skills to write helpful, in-depth articles related to personal finance, business and consumer trends, and fiscal frugality."







heypa
283 posts
msg #106529
Ignore heypa
6/5/2012 1:21:38 PM

Crock. Ignores inflation impact and uses averages also ignoring the reality of the business cycle and all that happens with it.

miketranz
716 posts
msg #106558
Ignore miketranz
6/7/2012 5:32:02 PM

35 years from now,that's if the earth as we know it is still here,the dollar will be completely worthless.Right now it's worth about 25 cents........

StockFetcher Forums · General Discussion · Here we go again... another "expert?" on retirement<< >>Post Follow-up

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