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Money and Finances
Reply to "50 year olds - how much retirement $ do you have saved?"
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[quote=Anonymous][quote] Honestly this thread is silly without income. Saving 2M by 50 would be incredible and probably near impossible for someone making 75k per year. Saving 2M if you make 1M per year at 50 would be sad.[/quote] Incomes also can jump significantly and so much depends on length of compounding. I got a phd in humanities, so made no money in grad school and my first couple post phd "jobs" were fellowships that paid, like, 30k a year. I didn't really earn a salary until I was 34 and it was a gs 11. I didn't break 100k until I was 44. I work in a non profit. I'm 52 and now make 140k. I really wish I had understood how important it was to invest as much as possible early on. I would have likely made different choices. [/quote]
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