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Money and Finances
Reply to "Is saving/investing actually a crappy way to get rich?"
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[quote=Anonymous][quote=Anonymous]Change that to 30 years? What then? Then 37 years? It's a good way.[/quote] At 30 years, it's just over $4M in today's dollars. Plus, since I'd be 62, I could probably withdraw 4% so $160K of income. Definitely better, but then that's just usual retirement age. If I'm going to do that, I'm not going to be as frugal since it's basically my entire productive, working life. Just sad that saving $100K per year FOR ONE PERSON doesn't really get you out of the rat race any earlier; you just have a more secure retirement.[/quote]
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