Reply to 39 and 365k net worth

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]1.make more money
2.spend less money

It’s that easy. And yes you’re behind [/quote]

They’re not very behind if that’s 365k invested. By 65, that’s over $2M in current dollars at 7% returns without any more contributions. This is well above the median of retirees. [/quote]

7% real returns over the next two decades starting from today is very unrealistic. We're at a peak right now. [/quote]

No, it’s not. 7% is actually a conservative estimate based on over 100 years of data. It accounts for the Great Depression and the Great Recession. [/quote]

Use historical single country data at your own peril. The future is unknown and you are also ignoring crazy valuations. [/quote]

If you’re betting on the entire American economy collapsing, retirement is the least of your concerns.

If you want to use global data, OP is expected to have $1.9 million in today’s dollars at age 70. That is compared to a median net worth for 70-year-old Americans of $410,000, or a mean net worth of $1.8 million.

By all measures, OP is ahead of the game. [/quote]

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