Reply to Is saving/investing actually a crappy way to get rich?

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[quote=Anonymous][quote=Anonymous]Your math is not mathing. Try a more sophisticated calculator that will figure inflation for you. For example, I put your numbers into cfiresim calculator (starting with 100,000; adding 100k every year until 2044, and then being retired until 2093) and you were able to withdraw 100k every year in retirement (adjusted for inflation) with a 100 percent success rate. You could even increase your spending in retirement to $150k and keep an 88% success rate. And this is not including any social security.

If you can keep your spending in check, I can’t imagine you won’t be able to comfortably retire early. Or if you work until normal retirement age, retire to a luxurious lifestyle.[/quote]

Thank you!  I will look into this.  It doesn’t sound like a big difference but, to me, $100K in retirement would be a lot more than my initial projection of $70K.  $100K would allow me to do everything I would reasonably want to do – if that’s doable in 20 years, I would be very happy with that.[/quote]

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